Residential Income - Los Angeles, CA

Rare mixed-use property, 12 apartments over 5 street front retail and commercial spaces. Gated parking lot for approx 13 cars. Situated on 13,000 SF corner lot, this low density property is the only large mixed-use property in the immediate area. Wood frame and stucco construction. The entire Exterior of the building is freshly painted, Parking area has been re surfaced. All units have separate electric meters, Gas is master meter. The apartment unit mix consists of 3 - 2 Bedroom one Bath, 4 - one-Bedroom one Bath and 5 units are Studios-one bath. Onsite manager unit does not include in rent roll, big upside! Updated Electric Panels, New Water Heater, NO Soft Story Retrofit needed- Just got clearance from the city. The property is located in a federal qualified ENTERPRISE ZONE \/ EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA (EZ), West Adams- Community Plan Implementation Zone