3245 DREW St, Los Angeles, CA 90065

Property Description

This building sits on a large 10,101 sqft lot and has (2) 2+1 unit and (3) 1+1 units that are NOT RENT CONTROLLED. Additionally, there is a 3+2 detached single family home in the back of the lot that is under rent control. An electronic gate secures the perimeter of the property. There are two tuck-under parking spaces, two garage, seven surface spaces in back of the lot. The building is separately metered for gas and electricity and conveniently provides ample storage facilities for tenants. There may be potential to divide the 3+2 into a 2+1 and a 1+1 for additional income. The front of the lot has a yard with potential to add value through landscaping upgrades. THIS APARTMENT WAS ORIGINALLY 7 UNITS, the two rear units were combined into a 1 unit. However, an investor could legally split the rear unit restoring the building to a full 7 units (Buyer to investigate). Offering Memorandum is available in the Docs to download.