237 Serrano, Los Angeles (city), CA 90004

This 8 unit apartment building, located in Los Angeles' highly sought after and trendy Koreatown neighborhood, which boasts on of the city's densest populations in it's 3-square mile area. With the surge of nightlife and renowned restaurants, the draw of younger residents andtourists is flourishing, along with multiple development projects, that are adding to the exciting renovation and bustling energy of this neighborhood, which is close proximity to DTLA and less than 5 blocks from major Metro stations. Half of the units include a balcony. Three units have been newly remodeled. All units feature individual AC units, wall heater units, (5 new units), and dishwashers. Separately metered for gas and electric, the property also provides residents with the convenience of on-site parking, 11 spaces total, as well as, on-site laundry facilities for extra income. With over 35% of potential rental upside, an investor could push rents to meet the market demand with continued renovations.