Nice 6 unit bldg North of Santa Monica Blvd. Expenses are estimated at 35% including new property taxes. Rents for 2 vacant units being remodeled are projected. Remodel will be finished within 2 weeks. All other rents shown are actual. Four single garages plus 2 driveway parking. Vacant unit #4 is an upstairs 1 bed 1 bath w/ rent projected at $2,400. Unit # 1 is a downstairs 2 bed 1 bath w/private patio & laundry w/ rent projected at $3,200. Actual rents shown do not show July increases which seller has mailed. Soft Story retrofit is required by the City & notice has been received by seller dated 10/13/17 compliance date is 10/13/19. Seller will not do soft story retrofit so price offer accordingly. It is the intent of the seller to affect a 1031 exchange w/ the sale of property. No showings. Inside only w/ accepted offer.Rent Roll attached under documents.
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