221 S Avenue 66 Los Angeles, CA 90042

Looking for a great investment? Look no further! This is a phenomenal opportunity to upgrade a 4-unit complex (3 two- bedroom units, and 1 one-bedroom unit) with off street parking in the heart of trendy Highland Park and reap the rewards!Family owned for several decades, the property is located on a quiet street in the Garvanza area, close to great restaurants, parks, and transit options to downtown LA. While there are improvements and modernizations to be made, there is great potential ROI: similar complexes are valued upward of $1.3M in the neighborhood; rent upside of 175% (current gross rent roll of $43k vs market rents of up to $120k annually), and neighborhood prices up 23% Year-over-year in 2022. Creative investors could even add units to space on the back of the lot currently used for parking. Sold As-Is; cash offers preferred.