2220 Brenta PlLos Angeles, CA 90291

This exceptional investment opportunity presents an eight-unit apartment building located at 2220 Brenta Place, Los Angeles, CA 90291. Built in 1953, this charming two-story building boasts 4,904 square feet on a 5,344 square foot lot, with a permitted R3 zoning (TOC Tier 3), allowing for potential expansion up to 12 units. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $99,402, resulting in a 3.55% cap rate. The asking price is $2,800,000, translating to $350,000 per unit and $570.96 per square foot. All eight units are one-bedroom, one-bathroom apartments. Four units are currently rented at near-market rates, while the remaining four offer significant rental upside potential. Tenants are responsible for their own gas and electric utilities. This property is conveniently situated on a quiet street off Venice Boulevard and is adjacent to a 15-unit building also available for purchase from the same owner, located at 923-933 Venice Boulevard. This presents a unique opportunity for a 1031 exchange. The property's Class C designation and strong performance make it an attractive addition to any investment portfolio. The Los Angeles County Assessor's Parcel Number (APN) is 4241-035-009.