Rare opportunity to acquire a value-add 16-unit property in the heart of the highly desirable Los Feliz rental market. The asset offers a strong unit mix of spacious one- and two-bedroom residences, each featuring large bedrooms, open living areas, and abundant natural light. Approximately 50% of the units present significant rental upside through interior renovations, while additional income potential exists with multiple ADU opportunities via SB 1211. he beautifully maintained mid-century, two-story courtyard building is centered around a sparkling in-ground pool and includes 16 parking spaces. Stabilized metrics project to a 7% CAP rate. Ideally located just a few blocks from Los Feliz Village, Starbucks Reserve, Alcove, Figaro, and the eclectic shopping, dining, and entertainment that define the neighborhood.