We are pleased to announce a price reduction on this great opportunity in South Los Angeles. This 10 unit building is producing over $10,500 per month with very low expenses. There are seven one bedroom units, one three bedroom house and two singles. The site is a street to street ,oversized 18,000 square foot lot that faces both 110th and 111th Streets. The complex is located near Vermont Avenue between Century Boulevard and Imperial Highway, in a section of Los Angeles known as the County Strip. This is a non-rent controlled area. There are no annual SCEP inspections and rents can be raised with no restrictions. This investment is being offered at a 9.11 GRM with a 7.24 CAP rate. At list price, these units provide close to a 10% cash on cash return. PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
