2951 Francis Avenue Los Angeles, CA 90005

I am pleased to offer for sale a four-unit fully renovated apartment community located at 2951 Francis Avenue. The subject property is located just south of 8th Street within the desirable Koreatown sub-market. Situated on a 6,751 square foot parcel, the property is comprised entirely of three-bedro...om units. New ownership has the ability to add two accessory dwelling units (ADU's), for a two-bedroom and one-bedroom unit. Permits will be delivered RTI prior to close of escrow. Current Ownership has extensively renovated all units with stainless-steel kitchen appliances, new flooring, in unit washer/dryers, AC systems in each bedroom & more. The continued gentrification of the surrounding area along with the rare opportunity to acquire a fully rehabbed, luxury apartment community with a healthy income stream makes 2951 Francis Avenue an excellent acquisition opportunity. Continue reading