1680 W 22nd Street Avenue, Los Angeles, California 90007

Investor’s delight! Potential 10.8 Cap! Huge upside in rent! Excellent 6-unit investment property centrally located in highly desirable area in LA – HPOZ area, close to USC, USC New Village, DTLA, Koreatown, and Mid City. Total of six spacious units, four units are 900 sq ft 2 bedroom/1bath’s, & two units are 700 sq ft 1 bedroom/1 bath’s. Updated and very well-maintained, with low operating costs. All units are individually metered for gas and electric, and have individual water heaters. The building was updated with electrical, sewer, copper plumbing, newer roof, plus double pane windows. Newer interior and exterior paint. Each unit has a security door, and lots of storage room. All kitchens have new Quartz countertops. A common laundry room with coin-operated washer and dryer bring in extra income. Fully fenced w/ wrought iron gate. Located on a corner lot with no building to the north side, which provides ample street parking, plus 6 on-site spaces; this is very valuable in this neighborhood. The location, well-maintained conditions, ample parking, and great upside in rent, are all factors that make this a very desirable income generating asset in the supply-constrained USC market. Currently operates at a 13.2 GRM and 5.2 Cap Rate in LA. 2 bedrooms units can easily turned into 3 bedrooms, which will double the current rent, allow GRM to be 7.5 and per forma cap 10.8% – a true investor’s delight. DRIVE-BY ONLY. Prefer to sell as a package of 10 units with MLS #PL19199146.