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13933 Los Angeles Street is a non-rent controlled, fourteen (14) unit apartment complex located in Baldwin Park. The investment offers the opportunity to renovate all units and recover the loss-to-lease created by long-term self-managed ownership. There is approximately 44% upside in rents with current rents averaging $1,239. All units are two-bedroom one-bath town-home style units with individual water heaters and laundry hook-ups. The property has very low utility expenses with each unit paying their own water, electricity, and gas. Annual utility expenses are approximately $1,200. Each unit will also come with a private garage and ample open parking for additional cars.
Barnes Commercial Capital, Inc