341 South Alvarado Street is a 38 unit apartment building with 3 non conforming units consisting of

(6) 2 bedroom 1 bath, (9) 1 bedroom 1 bath, and (26) Singles units, with an average of 735 square feet

per unit. The Alvarado apartments is a 30,145 square feet five story building constructed in 1917 with

reinforced brick, master metered for electric and gas. Units have been upgraded as tenants move out,

with substantial additional upside in rents to be realized. Other upgrades to the building includes

refinished original hardwood floors throughout the common areas and individual units, plumbing, and

roof.

**Additional supplemental financing available with current Lender. Approximately $500,000 at low 4% interest rate.

Location Description:

Subject property is located in the heart of the Westlake District flanked by Koreatown to the West,

Silver Lake to the North and Downtown to the East. Just north of Wilshire Bloulevard, the Ozmun

Apartments is located just North of MacArthur Park and is just South of the St. Vincent Hospital. Close

to many restaurants and shops; highly rated at 88 of 100 by walkscore.com due to it's extremely

central location.

Highlights:

>> Approximately 15% upside in rental growth

>> Very low cost per square foot

>> Perfect value add opportunity with aggressive management

>> Located just South of St. Vincent Medical Center

>> Very attractive assumable loan at 3.9% interest rate with 6 years remaining.

>> Additional supplemental financing available for a higher LTV

* Email for additional photos

Sales Info:

>> Commision split: 1.5%