Excellent Investment Opportunity in a RARE 5 Unit Multifamily development in the Historic Filipino Town. This property is surrounded by Westlake Village to the North, Rampart Village to the West, MacArthur Park to the South and the Walt Disney Concert Hall to the East. It's just a few minutes from the downtown financial district. There is a one 2 bedroom, 1 bath unit (approximately 740 sq.ft.) and four 1 bedroom, 1 bath units (approximately 440 sq.ft. each). All five units are individually metered, and water is paid by the landlord. There are 4-5 parking spaces in the rear of the property accessed through an alleyway. New attic and crawl space insulation have been installed throughout. Also newly installed is an ABS main drainpipe from the back of the property to the street. Two remodeled units are occupied by neat and considerate long-term tenants. Three 1-bedroom units will be delivered without tenants. Great Value-Added Opportunity.