Six unit multifamily investment in the coveted Cypress Park neighborhood in Northeast Los Angeles. This property consists of two structures: a front duplex built in 1910 and a rear quadruplex built in 1964. There is a completely remodeled 2Br+1Ba apartment that was just rented for $1,595/month, two 1Br+1Ba apartments, and three studio apartments. Monthly income is $4,856 including laundry. There is tremendous upside in rents, but even with the current rents the GRM is only 12.85. With open parking, a laundry room, storage room, separate meters, new exterior rear paint and inviting landscaping, this property is a must see! It will definitely not last! Quiet neighborhood in Cypress Park, just south of Atwater Village and near hip Highland Park. Located just east of the I-5 freeway between Cypress and San Fernando Rd, and north of Figueroa and the 110 Freeway!