2203 4th Ave, Los Angeles, CA 90018

I am pleased to offer for sale an eight-unit apartment community located at 2203 4th Avenue. Located between Washington Boulevard and Adams Boulevard, the subject property is situated in the historic West Adams District. The offering presents an investor a truly unique opportunity to acquire a nearly vacant building in a rapidly gentrifying sub-market.The property consists of two buildings totaling 8,104 square feet on a 14,006 square foot parcel. The unit mix is comprised of four one-bedrooms and four two-bedrooms that will have seven out of eight units vacant at close of escrow. Due to its 1938 construction, the property is subject to Los Angeles rent control statutes.