Currently, a lucrative rental, this investment property is located in a commercial zone and provides numerous opportunities. The property is ideally located next to a newly built elementary school and near the Staples Center, LA Live and the Convention Center. Its owner can choose to keep the units as long-term rentals, convert it to Airbnb units, or even develop it for a business downstairs and offices upstairs. The owner makes an additional $1,500 a year with a billboard contract.
Featuring beautiful hardwood flooring, the property is currently designed as 6 permitted long-term rental units. Downstairs, there is a 1600-square-foot unit with 2 bedrooms, 3 bathrooms, and a kitchen. Upstairs, the units provide a dorm-style living, with 5 separate permitted units sharing 2 large bathrooms. Two units enjoy airy doors leading to balconies.
Based on information from California Regional Multiple Listing Service, Inc. as of October 18th, 2019 at 8:43pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.