The subject property is an 18 unit apartment complex with 16 covered and gated parking spaces, a secure entrance and courtyard with swimming pool. It represents a value added opportunity with rents well below market. The property has a great unit mix of 1, 2, and 3 bedroom apartments. All units are separately metered for gas and electric. The property is located in LA Strip neighborhood of Gardena and is SUBJECT TO RENT CONTROL. Gardena has a population of approximately 52,000 which is growing at approximately 1% per year. With an unemployment rate at 5% and slow but steady job growth, the demand for apartment rentals in the area should remain strong. The property is close to major employment centers in the South Bay and has good freeway accessibility.