Rosano Partners is pleased to present the opportunity to acquire a full-service rehab facility on a NNN lease. This eighteen unit mixed-use apartment and commercial building was built in 1927. The subject property offers a unit mix of 16 SRO (Single-Room Occupancy) units, and 2 retail units used as office for the facility. The subject property is 100% leased out by the Exodus Foundation which offers sober care and rehabilitation services.

Exodus Foundation has over 10 years at the subject location with 11 more facilities in Los Angeles, and other facilities in San Diego, Solano, Fresno, and Napa. The tenant is on a NNN lease agreement and have spent over $400k in tenant improvements. With their intake center being only one block away, this property is an irreplaceable asset to the tenant due to its closeness and utility.

Location Description:

The subject property is situated on 8511 South Vermont Avenue in South Los Angeles near the intersection of Vermont Avenue and Manchester Avenue. Centrally located west of the 110 Freeway and North of the 105 Freeway. Being less than a mile from many Metro Local Lines, restaurants, and entertainment options, tenants will benefit from the local offerings and transportation.

Highlights:

>> Across the Street from the Future Vermont Entertainment Village Development

>> Over $400k in Tenant Improvements

>> Stabilized High Yield

>> Completely Rehabbed with Permits. Turn-Key Condition

>> 3% Rent Increase Per Year

>> Excellent Location West of the 110

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