Description
This is a rare opportunity to purchase an investment property in excellent condition, which has been in a non-rent control area of Los Angeles. This well-maintained property has been 100% occupied with no vacancies for the past 7 years, and has upside rental potential! Great mix of 1 & 2 bedroom units. Some units have been updated. Located close to elementary schools, high schools, and West Los Angeles College. Conveniently located within one mile of both 110 &105 Freeways. Laundry room with plumbing, for additional income. Most units below market rent. Current cap: 5%. Market cap: 5.9% PLEASE DO NOT ENTER THE PROPERTY OR DISTURB TENANTS. Tenants are not aware of the sale. Units are available for showing with an accepted offer only. Buyer to cooperate with seller's 1031 Exchange. Agent is related to the sellers.
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8BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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3,932SQFT
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$391$/SQFT
School Ratings & Info
Description
This is a rare opportunity to purchase an investment property in excellent condition, which has been in a non-rent control area of Los Angeles. This well-maintained property has been 100% occupied with no vacancies for the past 7 years, and has upside rental potential! Great mix of 1 & 2 bedroom units. Some units have been updated. Located close to elementary schools, high schools, and West Los Angeles College. Conveniently located within one mile of both 110 &105 Freeways. Laundry room with plumbing, for additional income. Most units below market rent. Current cap: 5%. Market cap: 5.9% PLEASE DO NOT ENTER THE PROPERTY OR DISTURB TENANTS. Tenants are not aware of the sale. Units are available for showing with an accepted offer only. Buyer to cooperate with seller's 1031 Exchange. Agent is related to the sellers.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-26T23:42:23.67. 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.