The Laguna Avenue Apartments is a 5-unit apartment building located at 1016 Laguna Avenue, in the City of Los Angeles, California, 90026. The property was built in 1923. The property is currently 100% occupied and has always enjoyed a history of high occupancy due to the fact that the rents are below current market level and the location provides itself to be a hi-density renter submarket with strong rental demand. And perfect owner user opportunity. The property is listed at $1,250,000, and the economic indicators are as follows: 4.46% cap rate, $428.38 per square foot, 15.11 GRM, and $250,000 per unit, all at the asking price. This alone should be a strong enough indicator to any astute investor of the great rental upside for the future. The Units average 584 square feet, totally 2,918 gross square feet on a 5,489 square foot lot. The Laguna Ave Apartments are separately metered for Gas & Electricity. This building enjoys a great unit mix of 1 Single, 3 (1+1), and 1 (2+1).