Low Rise, Residential Income - Los Angeles, CA

The Union Apartments are a New York style building in Downtown LA, strategically located and surrounded by a rising skyline with a transit score of 83 and walking score of 97. The building is surrounded by popular restaurants and shops like Langer's Deli, Starbucks, 24 Hour Fitness, Rite Aid and HomeDepot. The property is separately metered for electricity, has laundry in premise and secured entry with a newly installed security camera system. Over the past few years, 17 units have been turned and renovated to attract market rents. A savvy investor can achieve similar success by turning the 13 remaining units and recapturing over 20% in upside.