Rare chance to acquire a meticulously maintained 9 unit complex, offered for the first time in nearly 30 years. Located just blocks from Ladera Heights and steps from Amazon Fresh, Chipotle, and Starbucks, this pride of ownership property presents significant upside potential. Amenities include an on site laundry facility, nine parking spaces, and a common area pool. Eight of the nine units have been renovated between 2009 and 2021, yet current rents remain approximately 36% below market despite increases in September 2024. Recent Upgrades (20132022): Pool and deck resurfacing, drainage to code Roof replacement (2014/2019) New handrails, entry gate, and LED carport lighting Walkway resurfacing, concrete leveling, and exterior paint SB721 compliant: owner has completed the required inspections of balconies, decks, and elevated walk ways. Additional Value Add Potential: Under CA State Bill SB1211, the property qualifies for the addition of (4) 450 sq. ft. 1BD/1BA ADUs, boosting cash on cash returns to 8.69% at pro forma rents. Beginning January 2025, rental increase limits will align with Californias 5% + CPI cap, providing a pathway to market rents faster.