Since the duplex was constructed in 1989, it may allow for higher annual increases for those two units, which are not subject to Los Angeles rent control (Buyer to verify). Situated in the gentrifying Glassell Park neighborhood of Los Angeles, the investment offers a substantial opportunity for a new investor to add value, as current rents are approximately half of those in similar units in the area. Located near the intersection of San Fernando Road and Division Street, the property is adjacent to the recently revitalized neighborhoods of Mount Washington, Highland Park, and Elysian Valley. The investment only benefits from the numerous redevelopment projects lining the Los Angeles River, which is just five blocks from the property.
Courtesy of , Roderick 'Rick' Raymundo - CA DRE#
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