PRICE IMPROVEMENT — now $1,450,000, reduced $50,000. A renovated 1900 Victorian in Pico-Union, Los Angeles, offered at a 7.38% in-place cap rate on $107,000 of net operating income. STABILIZED IN-PLACE YIELD: 81.8% occupied at $1,450,000 — income from day one, with two keys available to lease. FLEXIBLE UNIT / KEY MODEL: Six legal units operated as 11 income keys — efficient by-the-room income near USC. REAR-YARD DETACHED ADU UPSIDE: California's multifamily ADU allowances provide an entitled path to new detached income units alongside the existing building, adding units and value with no displacement of the in-place rent roll. Buyer to verify final unit count, parking and site feasibility. INCOME-PRODUCING LIVE/WORK LOFT: Leased at $1,895/mo, diversifying a studio-weighted rent roll. PICO-UNION / CENTRAL LA: Minutes west of Downtown Los Angeles with direct transit access, in a dense, overwhelmingly renter-occupied and actively revitalizing neighborhood — roughly 1.3 million residents within five miles. Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.