Description
Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,850,000 with 11.1 GRM and 4.7% cap. Manager has kept 4 unit vacant for showing during COVID. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.
-
0BEDS
-
0.15ACRES
-
0BATHS
-
01/2 BATHS
-
15,270SQFT
-
$252$/SQFT
School Ratings & Info
Description
Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,850,000 with 11.1 GRM and 4.7% cap. Manager has kept 4 unit vacant for showing during COVID. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T08:42:15.493. 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.