128 ROBINSON St, Los Angeles, CA 90026

Property Description

We are pleased to present this value-add, twelve (12) unit, investment opportunity located at 128 and 134 Robinson Street. The two (2), 6-unit, 5,040 square foot buildings are situated on their own 7,200 square foot parcels, zoned LARD2. These charming two-story apartment buildings have a central courtyard that separate the buildings with access to the rear alley. The buildings each have their own carport as well as open parking off the alley. The properties have a nice setback which afford open space for gardening. The unit mix is 4 studios, 4 one bedroom one bath and 4 two bedroom one bath. This building is located the Rampart Village neighborhood of Los Angeles, which is adjacent to Koreatown to the West, Silver Lake to the North and Downtown Los Angeles to the East. The Koreatown submarket remains one of the strongest rental submarkets in the city. This is a great opportunity for a value-add investor, as the rents are approximately 50% below market and room to add ADU's. The residents have a wide range of amenities close by such as restaurants, shopping, medical clinics, and recreation areas such as MacArthur Park and Lafayette Park. The property's central location has access to the 101, 110 and 10 freeways.