CRE Realty is pleased to present an eight (8) unit apartment building on Burns Avenue between N Madison Ave. and Virgil Ave. in the heart of East Hollywood. The subject property consists of seven (7) single story buildings with unit mix of eight (8) 1 Bed/1 Bath, containing approximately 5,088 square feet of floor area (GLA), located on an approximately 9,583 square-foot parcel of land. This multi-family residential offering provides easy access to main highways, thoroughfares, LACC and Koreatown, and is close proximity to convenient stores, public transportation routes, and neighborhood services. Also, it provides to a prospective investor a huge value-add opportunity based on below market existing rents and great redevelopment potential in a prime East Hollywood location.

• Buyer to obtain a new first trust deed loan in the amount equal to 60% or less of the purchase price at the market prevailing rate or better rate of interest, due in 25 or 30 years.

• Buyer may pay ALL CASH for the purchase price, and then obtain a new first trust deed loan.