This is a Living Trust Sale. First Time on the Market since 1976. Custom built beautiful 14-Unit Apartment located in the heart of Chinatown.
Excellent Location. Close to Downtown, the marketplace, freeways, bus stops and other amenities.
The 14 Units consist of 6 - 2 Bedroom/1 Bath and 8 - 1 Bedroom/1 Bath units on a large 11,063 sqft. lot. All units are good sized.
$153,571/Per Unit.
Current rent as of April 1st, 2016 is $ 12,297/Month
Fully rented . Rents are below market value with great demand and tremendous upside for investors. Los Angeles City rent controlled.
A new $20,000 title 24 coating roofing system was installed on the roof in 2016. . One unit was recently renovated.
Community laundry room with coin operated machines.
The property is to be sold in “As Is” present physical condition. Trustees will not do any repair work or provide termite report or completion report.
