3040 S La Brea Avenue, Los Angeles, CA 90016

Re-positioning opportunity in the heart of an area that is experiencing tremendous re-gentrification with over a double digit return starting on day 1! Built in 1960, the building features an excellent unit mix of seven (7) two-bedroom/one-bathroom units, nine (9) one-bedroom/one-bathroom units, and two (2) studios. The building is individually metered for gas and electric. All of the units have new carpets and tile flooring in the kitchens. There is also on-site laundry for tenant convenience. The building is located directly across from the brand new metro station at the intersection of La Brea Avenue and Jefferson Boulevard. This is a central location within Los Angeles, with convenient access to all of Southern California. There has been a historically strong demand from tenants for apartment units in the area due to its great location. The area is experiencing a process of gentrification and should continue to do so in the future.