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A 5-unit property with stamped Ready to Issue (RTI) plans for three more units located in the Koreatown adjacent Pico-Union submarket. Built in 1924, the main structure features (2) 3 Bedroom / 1 Bathroom units, (1) 1 Bedroom / 1 Bathroom unit and (1) Studio unit. Behind the main structure sits a detached house with 2 Bedrooms / 1 Bathroom. One of the 3 Bedroom units, and the 2 Bedroom House were fully renovated in 2021, and come equipped with beautiful laminate wood floors, stainless steel appliances, new windows, new wall A/C and heating units, and new bathroom vanities. The property is highlighted by the upside opportunity immediately available as there are THREE Accessory Dwelling Units (ADU) that are RTI providing an amazing and immediate value-add opportunity. Two of the ADUs are garage conversions and one unit in the main structure is a non-conforming 1 Bedroom/ 1 Bathroom with RTI plans to be permitted.