Property Description

Spacious 4 unit building in Pico/Crenshaw area of central Los Angeles, near Koreatown and Mid-Wilshire. Recent upgrades include a new roof around 4 years ago and a newer heating system. Building's current use is as a 12-room boarding house, grossing $7,606/month. There are 5 bathrooms ( 3 upstairs and 2 downstairs), and two communal kitchens, one on each floor. Seller pays all utilities, which average $1,000/month for water & electricity and $500/month for gas. There are at least 5 surface parking spaces. Situated on a 7,155 SF R3 lot with Tier 3 T.O.C. zoning for future development potential. Buyer to conduct their own due diligence and verify all square footages and permits.

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