Rent controlled triplex on an R3 lot with an easement to DWP. The subject property is located in the Westchester community of Los Angeles which is boarded by Loyola Marymount College, Playa Vista, the newly built LA Clippers facility and The Promenade at Howard Hughes Business Center. The Howard Hughes Business Center recently completed an extensive renovation inclusive of a Cinemark Theatre, Buffalo Wild Wings, Dave And Buster’s, Islands Fine Burgers & Drinks, Kabuki Japanese Restaurant, Souplantation, Subway and Starbucks. Also, several hundred Class A apartment units are under construction surrounding the Business Center. The master planned community of Playa Vista continues to add additional amenities in close relation to the subject property; including for sale residential product from KB Homes, The Irvine Company, Essex Apartments, a new Cinemark Theatre and many shops throughout the community. Also, the recently completed Kentwood South community of 12 small lot townhomes are on the market with an average asking price of $600+ per foot.