1134 Vancouver AveEast Los Angeles, CA 90022

Exceptional investment opportunity: a well-maintained, 16-unit apartment building in East Los Angeles, CA. This two-story building, constructed in 1929 and boasting 8,000 square feet on a 6,528 square foot lot (APN 5245-011-012), offers a compelling mix of eight one-bedroom/one-bathroom units and eight studio/one-bathroom units. Currently generating a gross monthly income of $18,256, the property presents significant upside potential due to below-market rents. Recent capital improvements include brand new windows, updated copper plumbing, energy-efficient LED lighting, and fresh exterior stucco paint. The property is conveniently located just north of Olympic Boulevard and two blocks west of Atlantic Boulevard, in a desirable area zoned LCR4YY. The asking price is $2,800,000, representing an attractive price per unit of $175,000. This property is an ideal addition to any investor's portfolio, offering strong cash flow and significant appreciation potential. The building's solid construction and recent upgrades ensure long-term value and minimal maintenance needs. Don't miss this chance to acquire a well-positioned multifamily asset in a thriving Los Angeles neighborhood.