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Great Income Investment & Development Potential Property For The Price Of A Small Condo. In West L.A.. Nice Bungalow Style 5 unit complex in convenient Downtown L.A. area. Easy management and upside on existing rents. Under rent control. By Vernon Ave. & Main Street. Property has new roof, new separate electric meters. I unit totally updated. New water heaters for all units. *BONUS: Great for development. Property is Zoned C2 = R4 as per City. Tier 3 Zone. Density Bonus. As per City you can build up to 31 low income units or 18 regular units. You can also go up to 5 stories or 67' High. Building will come with tenants in place. Please do not disturb tenants as they are unaware of the sale. Buyer to do their own investigations to confirm accuracy of information provided.