EAU CLAIRE APARTMENTS! Classic 1930's brick & mortar (seismically retrofitted) 29 unit apartment building with 30%+ upside in rents. Longtime owner - FIRST TIME ON MARKET IN OVER 50 YEARS! 6% Cap rate on existing income. 3 story 18,000+ sqft building, nice size units with good layouts. Well maintained with long time onsite manager. Solar panels on roof for heating water. All units individually metered for electricity. Building is fully occupied. Great LA city location. Close to downtown, 1.5 miles LA Live/Staples Center and the new revitalized Downtown district. Less than 1.5 miles to USC. Centrally positioned between Hollywood and USC with close access to the 10 fwy. Great building to own!
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