Property Detail

Description

The subject property is a six-unit apartment building located in the Leimert Park neighborhood of Los Angeles. The complex was built in 1933 and contains of 3,174 square feet. There is a large 6,500 square feet lot which is zoned LAR1. The unit mix consists of all one-bedrooms averaging almost 600 square feet each. The monthly income is $6,321 per month and $75,860 annually. With a GRM of 12.5 and extremely low rents there is plenty of upside for a new owner