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… Read More investors 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
Property listed by ZARA Equity Corp., Nadia Fahimian 424-777-9040
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
18
Square Ft.
5,234
Lot Size
0.21 Acres
Year Built
2020
MLS Number
24350463
30 Days Snapshot Of 90044
$653k
+2%
(avg) sold price
9
-47%
homes sold
71
-34%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 2020, Building area total: 5,234, Levels: One, Two, Living area: 5234, 1 story, 4 buildings
Expenses
Electric expense: $1,000, Gardener expense: $1,800, Insurance expense: $4,000, Maintenance expense: $4,000, New taxes expense: $23,437, Trash expense: $2,000, Water sewer expense: $8,000
Heating
NaturalGas, WallFurnace
Income
Gross income: $261,672, Net operating income: $208,000
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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