Description
This is an incredible opportunity to acquire solid income property with 50 % upside, consisting of one 3 Bed 1 Bath and 3 units 1 bedroom 1 bath, totaling 4 units in just east of Downtown LA. The units have long term tenants in place offering a new owner/investor to achieve more than 50 % upside potential in rent for returns in the future. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Low Expenses, ALL Tenants are paid up to date, Actual Yearly Gross $49,032, Cap rate 4.7 %, Close to Downtown Los Angeles near USC, Freeways, Parks & Recreation, and Restaurants & Shops.
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6BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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2,005SQFT
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$364$/SQFT
School Ratings & Info
Description
This is an incredible opportunity to acquire solid income property with 50 % upside, consisting of one 3 Bed 1 Bath and 3 units 1 bedroom 1 bath, totaling 4 units in just east of Downtown LA. The units have long term tenants in place offering a new owner/investor to achieve more than 50 % upside potential in rent for returns in the future. There is tremendous value add opportunity as a savvy investor can achieve above market pro forma returns here. Low Expenses, ALL Tenants are paid up to date, Actual Yearly Gross $49,032, Cap rate 4.7 %, Close to Downtown Los Angeles near USC, Freeways, Parks & Recreation, and Restaurants & Shops.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-04T23:42:27.877. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.