150 DOUGLAS ST Los Angeles, CA 90026

Character Spanish 2 building complex in Echo Park! 2 seperate APN'S.This 24 unit apartment complex consists of 24 large studio apartments.The average rent is only $775 in an area that fetches $975!The units are large and separately metered for both gas and electricity.Both buildings have new roofs, new paint inside and out, new flooring and lighting throughout and it has a private gated and landscaped courtyar This building is the best priced deal in the area as many sellers are looking of 13 and 14 x gross- this is priced at 11.9 x gross with a 30% rental upside!Most tenants are due for a 3% rental increase in 2 months!The property is professionally managed and has a wonderful on site manager.