1739 W 23rd Street,  Los Angeles CA, 90018 (Residential Income)

Great opportunity to acquire a 5-unit investment property located 1.5 walking-mile to USC right in the historic West Adams district with a 6% cap rate at current market rents. The 6749 sf lot is zoned LARD2 with 2 buildings - one built in the early 1900s and one built in the 1960s. The front building comprises of two 3-bedroom 1-bath units with the downstairs 3-bedroom completely renovated at the end of 2016. All 3 of the 1-bedroom units in the rear building have been recently updated and renovated with new kitchen cabinets and countertops and laminate wood and tile floor. The property offers better than 1-to-1 parking with a 2-car garage, 2 open space in front, 4 tandem parking for the two 3-bedroom units and 2 open space parking for the 1-bedroom units in the back. The 2-car garage can bring additional income as a garage rental, as it is currently used as a storage area by the ownership. All units are on separate electric and gas meters. DRIVE BY ONLY. Please do not disturb occupants.