This an opportunity to purchase a 6 unit apartment building in South Los Angeles. The property is located on the major Figueroa Street corridor, one of Los Angeles County's most significant north-south thoroughfares. The location allows for easy connectivity with public transportation just steps away, including Broadway/104th bus service to Downtown LA and convenient access to the Green Metro Line to LAX. Downtown LA is only 15-20 minutes by car, making this an ideal central location for navigating all of Los Angeles. The South Figueroa corridor represents a dynamic area with ongoing development and community investment, positioning this property in a neighborhood with strong growth potential and urban revitalization initiatives.
The unit mix is 5 studios and one 1BR/1BA. The current owner AirBnBs the 1BR/1BR with the 12 month average of $2,130 a month. A new owner can continue this or lease it to a long term tenant.