Rosano Partners is pleased to present the opportunity to acquire a seven unit (6+1 non-conforming) apartment building located in the Pico-Union sub-market. Built in 1895/1981, the subject property offers a unit mix of 1 single, 4 one-bedroom one-bathroom, 1 two-bedroom one-bathroom, and 1 three-bedroom two-bathroom. Gas and electricity are separately metered while water is mastered. The construction is made up of stucco and wood-frame and accommodates 7 parking spots for on-site tenants. The 4 unit building in the back might be subject to non-rent control. Buyer to verify all information.

Location Description:

The subject property is situated on 1405-07 S Burlington Ave less than a mile from Metro Purple, Blue, Red and Expo line. The property lies near the intersection of W Pico Blvd and Hoover Street. Being less than a mile from many schools, restaurants, and entertainment options, the subject property allows tenants to benefit from the local offerings and transportation.

Highlights:

>> Strong rental demand market

>> Separately metered for gas & electric

>> 7 Parking spots

>> Convenient access to freeways & downtown Los Angeles

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