860 FIGUEROA Terrace, Los Angeles, CA 90012

Property Description

Located in LA's Chinatown neighborhood, just north of DTLA and less than 1 mi from the Metro Gold Line's Union Station. With it's rich history and many lively events and attractions, Chinatown is an emerging market with major development projects, such as the 32 Acre Los Angeles State Historic Park Project and mega mixed-use College Station complex, happening in the immediate area. Units feature hardwood or laminate wood flooring. Separately metered for gas and electric, this building also offers 5 overhanging storage units, as well as, on-site laundry facilities that provides additional income. The property also features on-site The property also features on-site parking, 5 carports spaces and 1 two-car garage.car garage.This asset provides an investor with not only a value-add opportunity that can yield significant rental upside, but also an rare opportunity to acquire a property in a desirable market with minimal available inventory.