Property Detail

Description

Located in the Pico-Union area of Los Angeles, and close to Koreatown, this 5-unit investment property is now for sale! With stable, long-term tenants, this is a sure bet for steady income, with future development opportunity. Close proximity to major streets, Loyola High School, St. Thomas Church and School, and the Normandie Recreation Center. Shops and stores are plentiful, many in walking distance. Easy access to the 10 and 110 freeways and public transportation as well. The property consists of 2 buildings with 6 parking spaces and is fully gated. There are four (4) 1 bedroom/1 bath units, and one (1) 2 bedroom/1 bath unit; separately metered for electricity and gas. Owner pays water/sewer; Tenants pay trash. All units are good sized with paying and cooperative tenants. This is a great property for your 1031 exchange or to begin your investment portfolio! Feel free to drive by, but please do not disturb the tenants.