We are pleased to announce a price reduction on this South Los Angeles investment. This 10 unit building is producing over $10,350 per month with very low expenses. There are eight one bedroom units and two two bedroom apartments. The building is situated on an 8,646 square foot lot and is located west of Vermont Avenue and south of Century Boulevard. The property is located 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 9.25 GRM with a 7.13 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.
