LP.com

A MIXED-USE, 36 Apartments, 4 Retails in the corner of E. Florence Ave and Seville Ave, just a block from the vibrant Pacific Ave. The property located in Walnut Park which is an unincorporated area of Los Angeles County but just across the street from the City of Huntinton Park's border. 36 units are majority studios apartment with 5 1/1 and 1 2/1. There are 40 FREE public parking spots behind the building and a bus stop right in the front. The building is well maintain in a great condition over 95% of the apartments units have been updates over the years made the maintenance cost very low. The rent upside is 40+% because the property is under AB1482, the county allow the rent increase up to 10% especially the building didn't have rent raised for 3 years. The two rented retails are paying way below market and once the other 2 retails occupied, the Rent Cap will be 7%