223 S Avenue 20, Lincoln Heights, CA 90031

Subject property was constructed with frame and stucco in different years from 1907 to 1950. There are two separate buildings. All six spacious units are 2 bed and 1 bath. Cap rate is 7.93%. Though it is in a rent control area, the rent is increased 3% per year. Monthly rental break down is $995, $910, $1030, $975, $1000, $895. Separate electricity and gas meters. Owner has constantly maintained the property in a good condition. City inspection passed and certified and no building violations. A brand new public elementary school is next to it. Just a few minutes away from Downtown Los Angeles, near Dodger Stadium and China Town. Improvement is 6,116 sqft, only around $100 per sqft for this money maker. Seller is retiring and motivated. Subject property is located in Lincoln Heights. Just a few minutes from Downtown Los Angeles. Near Dodger Stadium and China Town. Just 10 minutes away from Walt Disney Concert Hall and Los Angeles City Hall. Historically, Lincoln Heights was a very prestigious area resided by well-known people. Easily accessible from Fwy 5, 110, 710, and 10.