THE CHAPMAN TWELVE
Dana Coronado is pleased to present a rare, off-market multifamily asset in a rapidly gentrifying neighborhood of Glassell Park. The property consists of twelve apartment units averaging 840 SF each, with 10,092 SF situated on a 10,560 SF lot. Built in 1990, this property provides a rare opportunity to acquire a non rent controlled building with tremendous rental upside in highly sought after Northeast Los Angeles. The unit mix is as follows: Six 1Br + 1Ba apartments and Six 2Br + 2Ba apartments, currently grossing $12,415/month. Other property features include fire sprinklers, a laundry room, separate gas and electric meters, and ample gated parking. The Seller is completing a 1031 exchange and wants a quick sale – Act Fast!