5124 S Main St, Los Angeles, CA 90037

Remax 2000 Commercial has been retained to sell this 16 unit apartment property located in the City of Los Angeles, CA 90037. This property consists of 2 buildings that is 4,080 sq ft on a lot of 6350 sq ft. Each building has 8 units. All units are singles. 11 of the 16 units have been remodeled to include ceramic tiles. All bathrooms are redone. Property was built in 1928 and is subject to rent control. There are 2-100 gallon water heaters, one for each building. The units are mater metered for gas and electric and allows the new owner to increase rents an additional 2% per year. There is a small storage for owner supplies in the basement at the rear. Prior to current owner, newer copper plumbing was put in and the roof was repaired so there are no issues with leaks.