5000 COLISEUM ST$1,605,000Sold

Baldwin Village 8-unit apartment building containing six 1/1 units and two 2/1 units. Great corner location with alley access for parking. One of the 1/1 units is vacant with an estimated rent of $1500/month. Building is master metered for gas, allowing an additional 1% annual increase under Los Angeles Rent Stabilization Ordinance. Two tenants are Section 8. Rents per unit are: #1 - $1044, #2 - $886, #3 - $843, #4 - $1280, #5 - $1195, #6 - $1020, #7 - vacant, #8 - $1650. Unit 4 and unit 8 are the two-bedroom units. Eight covered parking spaces. Passed a rigorous SCEP inspection in 2020. Buyer to cooperate with seller's 1031 tax-free exchange.