2309 Hauser Blvd, Los Angeles, CA 90016

Property Description

This 4-unit apartment building located on 2309 Hauser Boulevard consists of 4,712 square feet of building on a 5,269 square foot lot in the middle of Mid-City. The property has a very high-income producing unit mix consisting of (4) 3B/2B units that average 1,200 square feet. Three of the four units have beautiful modern renovations to the kitchens, bathrooms, and floors. Two of these renovated units have in-unit Washer/Dryer. There is also a coin operated laundry machine for additional income. The only non-renovated unit is occupied by a Section 8 tenant. Current rents are 23% upside, providing the opportunistic investor with a more aggressive management style the ability to raise rents and achieve higher cash on cash returns in one of the fastest growing parts of Mid-City. The property's curb appeal is one of the best on the street and the building has been impeccably maintained by current management. This part of Mid-City is seeing a tremendous amount of development and is located centrally within Los Angeles. Property is individually metered for gas and electric, and there is one water heater for the property.