Attention Savvy Investors: Immediate Cash Flow + EVEN MORE Value-Add Potential! 4 separate Buildings on huge lot with 6 Garages. This fully rehabbed multi-unit building in the heart of Los Angeles offers serious income potential with a pro forma 10% CAP rate and 7.2 GRM!!!!! . Perfect for savvy investors… Read More seeking strong returns with minimal upfront hassle. Property Highlights: Fully renovated in 2020: new roof, plumbing, electrical, kitchens, and bathrooms***3 units will be delivered vacant. 2 are currently rent-ready allowing an immediate over $6,000 income to be added to current income immediately *** choose your own tenants!3rd unit (8th unit ) has approved plans ready just pull permits and finish to add an additional income ++++projected rent of $2175/Month ***Potential to add on-site laundry and rent out garages for additional income***Experienced professional property management in place and can stay on post-sale **** Value-Add Opportunities:Add laundry room for added tenant convenience and additional revenue- Lease out garages separately for bonus monthly cash flow- Build out the 3rd unit with minimal steps (permits already approved!)Location: Prime Los Angeles central, in-demand, and ideal for long-term appreciation. Read Less
Courtesy of ZARA Equity Corp. 424-777-9040
Listing Snapshot
Days Online
35
Last Updated
Property Type
Other
Beds
18
Square Ft.
5,234
Lot Size
0.21 Acres
Year Built
2020
MLS Number
24-350463
30 Days Snapshot Of 90044
$673k
+4%
(avg) sold price
3
0%
homes sold
87
+45%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Alarm System, Ceiling Fan, Garbage Disposal, Hood Fan
Building
5,234 sq ft, Built in 2020, Levels: Two, One
Cooling
Ceiling Fan
Disclosures
Rent Control, Property Report, As Is, Seller/Owner/Principal RE Licensed
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