Property Description

Well-maintained 7-unit apartment building in the heart of Pico-Fairfax, adjacent to vibrant Little Ethiopia and close to transit, dining, and major freeways. Great unit mix: (2) 2BD/2BA, (1) 2BD/1BA, (3) 1BD/1BA, plus (1) guest room (no kitchen). Two units, including the guest room, are currently vacant offering immediate upside. Units 1,2, and 3 have been recently updated, and all upstairs units feature private balconies. The property has completed both front and rear soft-story retrofits. It includes on-site card-operated laundry, separate gas/electric meters (units 1-6), and parking for all units (a mix of covered/tandem). Under LA Rent Control, with rents increased as of February 2025. Consistent cash flow, strong location, and well-kept condition make this a turnkey investment opportunity.

ESSENTIAL INFO

• Status: Active