PRICE IMPROVEMENT — now $1,795,000, reduced $104,000. A 22-key boutique repositioning play in Lincoln Heights / Northeast Los Angeles, offered at a 9.82% capitalization rate on $176,230 of forward-year net operating income, struck on the buyer’s reassessed tax basis. The building is approximately 14% leased residentially today. EXCEPTIONAL LOW BASIS: Approximately $81,591 per unit, well below the NELA submarket, with real room to push rents. TURNKEY INTERIM INCOME: Roughly $134,000 annualized boutique-hostel income during lease-up; approved plans add a private bath to every unit. DUAL-USE FLEXIBILITY: Operates as a boutique hostel today yet carries a valid LAHD Rent Stabilization Ordinance certificate entitling operation as a conventional residential apartment asset — optionality that broadens the exit, financing and operating strategies. LINCOLN HEIGHTS / NORTHEAST LA: Minutes from the LAC+USC Medical Center, the USC Health Sciences Campus, Downtown Los Angeles, Chinatown and the Metro L Line. 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.