Case Study: 8-Unit Apartment Appraisal in South Los Angeles

We recently just appraised an 8-unit apartment complex in the south central area of Los Angeles. The property consists of two apartment buildings built in 1912 and 1959 and are situated on a 0.17-acre site. The property has a mix of one and two-bedroom units with an average unit size of 575 square feet. Quality and condition of the property is rated as average. The property is 100% occupied and has six on-site parking spaces. This commercial appraisal was conducted for a national financial institution.

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