325 S OCCIDENTAL BLVD

Priced at $187,500 per unit, we are pleased to present this value-add, twenty-unit (20) unit investment opportunity located at 325 S. Occidental Blvd., a grand tree lined street with a center median. This building is located in the Rampart Village neighborhood of Los Angeles, which is adjacent to Koreatown to the West, Silver Lake to the North and Downtown Los Angeles to the East. The Koreatown submarket remains one of the strongest rental submarkets in the city. This is a great opportunity for a value-add investor, as the rents are approximately 50% below market. This two-story, 11,384 square foot, garden style apartment building was built in 1949. The building is situated on a 13,108 square foot LARD4-1 zoned parcel. The property consists of ten (10) studio units and ten (10) one bedroom & one bath units. One unit will be delivered vacant. The residents have a wide range of amenities close by such as restaurants, shopping, medical clinics, and recreation areas such as MacArthur Park and Lafayette Park. The property's central location has access to the 101, 110 and 10 freeways. The property being is sold in its As-Is, Where-Is condition