15-unit (permitted with plans) +/-6,400 SF multifamily property located in the El Sereno neighborhood of Los Angeles. The 3-story property is located on the NEC of Huntington Drive and Portola Ave. The unit mix will consist of 15 Studio units with kitchenettes. Zoned C4, the property sits on a 4,500 SF lot. Onsite amenities include an onsite laundry room, community kitchen & meeting room and an office/counseling room. All units with A/C and there is gated secure access to the building with onsite uncovered and tuck under parking. The property was originally permitted and built as 3 affordable units but is currently being processed through the City of Los Angeles Unpermitted Dwelling Units program for 15 affordable units. 5 units are currently occupied. Cost of completing this work is estimated at approximately $500,000 but buyer to confirm cost and scope of work.