The property features a steam boiler (2009) and central hot water tank (2009). Roof and tuck-pointing repairs have been made as needed by the current ownership. There are two laundry facilities on-site which are not currently being used - a new owner can utilize these as an amenity to further increase the monthly income.
6321 S. California offers the opportunity to purchase courtyard property with true value-add opportunity through improved leasing and management. Current rents are well below market value as many tenants have resided in the property for years. The building is located in a federally recognized Opportunity Zone where investors can re-invest capital gains to receive an IRS tax break. The program encourages long-term investment and job creation.
