The subject property is a 10 unit apartment complex built in 1923 consisting of 10 individual wood frame & stucco, cottage style units on a 12,218 SF lot. The cottages have pitched roofs and are individually metered for gas and electric. There is significant upside in the rent rates on all units. There is a laundry room on the premises, and tenant parking is on the street. There are 8 one bedroom units and 2 two bedroom units, making the offering price of $110,000 per unit very attractive, with upside in the rental income as units turn over. The subject property is in Wilmington (City of Los Angeles) several blocks east of The Banning House Museum. It is directly across the street from Wilmington Elementary school and just a few blocks south of PCH. The area has a high density population and thus is a strong rental market with a very low vacancy rate. It is located within a few minutes of Long Beach and there is convenient access to the 110 and 710 freeways via PCH which are both minutes away.