2219 Wall St
Los Angeles, CA 90011
Wall Street Apartment Portfolio · Multifamily Property For Sale · 16 Units

Burts & Associates are Proud to Present This 16 Unit Renovated Building as Part of a 22 Unit Portfolio. The Contiguous 6 Unit Building is Available for Purchase for a Combined 22 Unit Income Property. There is a Huge 44% Upside in Current Rents in a High Demand Rental Market. Recent 2016 Exterior Major Renovation with New Windows, New Stucco, New Paint. There is One Unit with a Complete Interior Renovation. New 100 Gallon Commercial Water Heater. The Units are Separately Metered for Electricity and Master Metered For Gas & Water. There is a Laundry Room in the Basement that Provides a Solid Monthly Income. In Addition there is Plenty of Room in the Basement For Potential Storage Income. There are 12 On Site Tenant Parking Spaces at the rear of the Building. This is a Low Maintenance Expense Property with Minimal Landscaping. Assumable Financing is Available with Union Bank For a 1% Assumption Fee. There are Several Major Development Projects Planned Close by for the Washington Blvd/Broadway/Grand Avenue Corridor. The Building is located just blocks from the San Pedro Street Metro Station. The Building is close to Downtown, USC, Schools, Shopping and Major Freeways.