2020 S Corning St, Los Angeles, CA 90034

The subject is a very well-maintained two-story walk up apartment complex located just north of Cadillac and east of Robertson Boulevard in Los Angeles. The building is separately metered for both gas and electricity. Four of the five legal units have been remodeled. Five of the units either have a balcony or private patio. There are five storage lockers in front of the five secured tuck-under parking spaces. The interiors feature gas central heating, plenty of built in cabinetry, and some units have wall A/C units. Other capital improvements consist of a new roof and all new plumbing. The rents are very modest at the current levels of $1.40 per gross square foot and offer stability and basis for appreciation over time.