Property
Listing Agent: Arnold Ng (DRE #01057946) · Listing Office: Apex Commercial Real Estate · Contact: 3107149500 · Bought with: Jason Woods · NONMEMBER MRML · MLS #SB24116264 · Source: CRMLS
For value added investors or 1031 exchange investors, this six-unit apartment complex walking distance to Chinatown and in the Downtown LA/Chinatown submarket offers investors upside opportunity because of unit mix of two studios, one, 1-bedroom unit and three, 2-bedroom units. All tenants are below market rents. The property is located in City of LA RSO. Four of the tenants pay electricity and gas which are separately metered. The building has copper plumbing. Soft story retrofit has been completed in 2022.
Listing description from the September 2024 sale, as reported to CRMLS.