275 Lucas Ave

Available for sale for the first time in nearly 42 years, the property has had most of it's systems upgraded, including a brand new roof (just weeks ago), a full copper re-plumbing, individual utility meters for all units (gas and electric), and completed seismic retrofit work! The unit mix consists of fourteen Studio units and eight 1 bedroom units, with projected upside of 67% +/- for a new owner! The building sits on a 12,000 square foot lot which includes 24 parking spaces (some covered) and community laundry for tenants (leased through WASH). The property has a great walk score of 89, meaning that the immediate area is flush with tenant amenities and high quality attractions - allowing tenants to easily take care of errands. 275 Lucas is also terrifically positioned just outside of Downtown, with convenient access to most major freeways.