Attention Investors/Developers: True LA Trophy. One of LA's original rare classic Victorian mansions, situated between Koreatown and DTLA. Currently used as boarding house with many of rooms renovated and being occupied through LAFH (LA Family Housing) government program with guaranteed income. New copper plumbing and newer roof (2018). Located conveniently close to multiple markets, restaurants. Enormous gated 9295 SF Lot with 12 parking spacing in rear. Currently 100% occupied with 5.6 cap rate. Although currently used as boarding house, use code permits Hotel or Bed-n-Breakfast. Surrounded by other classic LA Mansions on a tree-lined street. Great Opportunity!
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