342 E 99th St, Los Angeles, CA 90003

Property Description

We are pleased to present a 4-unit multi-family community located in the Green Meadows neighborhood of South Los Angeles, CA. A short 15 minute drive to Downtown Los Angeles and centrally located near 2 major freeways, the subject property gives tenants convenient access to the 105 and110 Freeways. The property was built in 1965 and is comprised of approximately 2,988 rentable square feet on a 5,085 square foot lot. The building has an outstanding unit mix, comprising entirely of spacious 2 bedroom 1 bathroom units. There is one vacant unit that LA City Section 8 Housing will pay $2,263 for, allowing an investor to achieve market rent for that unit. The property is separately metered for gas and electricity, features ample secured parking, and the tenants benefit from their own washer and dryer hookups inside each unit. This is an outstanding opportunity to acquire a desirable multi-family asset with substantial upside in the city of Los Angeles and would be a great addition to any investors portfolio.