Residential Income In Los Angeles

Building comprised of seven (7) rent-collecting units, two (2) of which are non-conforming efficiency / bachelors units. There are four tandem parking spaces in front of the property that will need to be retrofitted, if the property is not developed in the future. There is also a dedicated space for the trash bin. There is also storage lockers located in the parking area. The utilities are on separate meters for both gas and electric, except for the non-conforming units. Location, Location, Sepulveda and Palm St. Conveniently located near UCLA, USC, LMU, SMC and WLA. Currently Unit 5 is VACANT. Per the owner, they replace the individual meters and sub panels for the complex. Along with installing the gas shut off valves for each meter, along with properly grounding the complex. They’ve renovated and put money into two of the units when they became vacant. ****Not done: SB 721 deck inspection / Los Angeles city ordnance 183893 (Mandatory Soft Story Retrofit Program.)****