The property boasts 16 spacious family-oriented units sprawled over 24,000 + sq. ft. of land. The unit mix is comprised of 12 - two bdrm/one bath units and 4 - three bdrm/one bath units. Each unit features dual entry, separate living and dining rooms, a large kitchen, a utility room with washer and dryer hook-ups, and one reserved off-street parking spot. The combination of a charming courtyard layout, low density, and 1920's Spanish charm are hard to find, making this a highly sought after investment property. This is a true add-value opportunity for a mid-to-long term investor who can continue to upgrade the sizable units as they turn over. Although the property is subject to current rent control laws, the city of Los Angeles allows for a 3-5% rental increase per unit, per year. Due to the size and mix of the units, current rents average over $1,100 per unit, which would translate into a $33-$55 monthly rent increase per unit, per year on average ($6,336-$10,560 annual increase).

• Interior Features

• Accessibility Features: Disability Access: None
• Bedroom 2 : Sqft: 1050
• Bedroom 3: Sqft: 1050
• Sqft Source: Building Sqft: 16760, Square Foot Source: Assessor
• Appliances: Refrigerator(s): 16, Water Heater , Range(s): 16
• Electric: Electric Meter: 16

• Exterior Features

• Construction: Exterior Construction: Stucco/Wood
• Garage/Parking: Number of Spaces: 16, Number of Parking Spaces: 16, Carport Cap: 4
• Lot: Fee for Land Lease , Lot: 17, Lot Size Source: Assessor
• Style: Style: Other
• Building: Buildings: 3, Vacancy Percent: 3
• Entry: Entry Locaton: Ground Level w/steps
• Location: Cross Street: Edgehill

• Community Features

• Utilities: Gas Meter: 16, Water Meters: 1
• Community Details: Builder Tract Name: Other
• Multi Unit Features: Total Rent: 18000
• Financial: Operating Income: 145430, Management Expense: 500, Annual Gross Income: 225000, Tax Expense: 26000, Gross Scheduled Income: 225780, Price Per Sqft: 137.23, Tenant Pays Cable, Total Expense: 73000, Gardener Expense: 200, Gross Operating Income: 219006, Trash Expense: 2160, Water & Sewer Expense: 7866, Pest Expense: 456, Income Gross Multiplier: 10.19, Assessment: Los Angeles (C, Tenant Pays Electric, Gross Monthly Income: 18000, Manager Expense: 300, Tenant Pays Gas, Insurance Expense: 7200, Tenant Pays Heater, Operating Expenses: 73576

• School Information