Introducing a rare opportunity to own a well-managed 5-unit multifamily property in the highly desirable Pico-Robertson neighborhood. This prime property offers an exceptional investment opportunity with significant value-add potential, as rents are 23% below market. Situated on a charming tree-lined street, the building features large, well-maintained units, including (1) three-bedroom, (2) two-bedroom, and (2) one-bedroom apartments. The three-bedroom unit boasts an expansive private patio, making it ideal for an owner-occupier. Recent upgrades include a brand-new roof (2023), earthquake retrofit (2019), and updated electrical and plumbing as needed. Additional highlights include 9 parking spaces, an on-site laundry facility, and individually metered gas and electric utilities, enhancing Tenant convenience and operational efficiency. Located in a highly walkable location, just minutes from top-tier restaurants, retail, parks and amenities, this property is a rare gem for investors and possible owner-occupiers. With strong long-term appreciation potential and immediate income upside, this is an opportunity not to be missed!
