939 W College St Los Angeles, CA 90012

Located in the Solano Canyon neighborhood near Dodger Stadium, this 29-unit apartment community presents a value-add opportunity. Constructed in 1972, the property is within walking distance of Dodger Stadium and Elysian Park, and a short distance from Downtown Los Angeles, Chinatown, and Little Tokyo. The four-story building features steel and concrete construction and is situated on a ±12,171 square foot lot zoned LA-R4. The 22,677 square foot building includes a central courtyard, shared laundry area, elevator, and gated parking with 29 spaces. The unit mix comprises three 3-bedroom/2-bathroom units, twenty 2-bedroom/1-bathroom units, five 1-bedroom/1-bathroom units, and one studio unit. Approximately five units have been updated. Twenty-four units feature private balconies or patios, many with views of Downtown Los Angeles. Each unit is separately metered for electricity and gas and has updated electrical subpanels. The building has a central water heater and an automatic fire sprinkler in the garage area. The property has a Walk Score of 85 and a Transit Score of 83, offering convenient access to Metro lines and buses. It is located near Chinatown and provides access to the 101, 110, 5, and 10 Freeways. The property is near newly constructed luxury apartment communities and attractions such as Walt Disney Concert Hall, The Music Center, and Grand Central Market.