$950,000

Great income-producing investment! All units are all tenant-occupied right now. There are 2 units who are renegotiating the rent with the owner right now or they will be evicted.  Due to COVID-19, the eviction process will be delayed until the end of the year.  In normal circumstances, this property can generate over $4800 a month in income.  Located in the heart of Los Angeles, the property is a multi-family home with 4 units permitted but 5 units in total. This 3,808 square foot property sits on a 8,999 square foot lot and features 4 bedrooms and 4 bathrooms. There is a large parking space at the back of the house and it can comfortably fit at least 8 cars.  Conveniently located 1 mile from the LA memorial coliseum, 2 miles from USC University, LA Convention Center and Trader Joe's, and close to the 110 & 10 freeways.  Accelerated Charter Elementary School (TAS) is walking distance from the property. Also, the surrounding area is starting to see a lot of improvements around the west side of the neighborhood. There is great potential! Don't Miss Out!