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The property consists of 2 two story courtyard style complexes situated on a 35,066 square foot lot zoned LAR3. The 40 parking spaces, tucked under the buildings, and entry are both gated. The units are separately metered for both gas and electric. There are two laundry rooms that have contracts with Web / WASH Inc. There is one gated pool. The units are large and have wall air conditioning, ceiling fans, tile kitchens, gas stoves with range hoods, garbage disposals and plenty of built in cabinets. There are six enclosed garages on the south side of the property, two of which belong to the manager and building. The other four garages are included with the two bedroom units. The property is in good condition and was seismically retrofitted after the 1994 San Fernando Valley earthquake. This property is in very good condition with moderate rents.
PROPERTY HIGHLIGHTS: - 14-Unit multifamily property situated on a large parcel with 200 feet of frontage on two streets - Project-based Section 8 HAP Contract with long-term stable income - Walking distance to casual dining establishments and conveniences in the immediate area - Located within half a mile of 3 Metro Local Line stops and the Orange Line station at Pierce College - Situated within 5 square miles of 260,000 jobs, with the growing Warner Center only 2.5 miles west