2422 Johnston St is a 9-unit apartment building built in 1986 located right off N Broadway and Johnston St steps away from various restaurants, eateries, and retailers. There are 5 Two Bedroom units and 4 One Bedroom units with parking for each unit in the back. This opportunity offers investors 55% upside in rents and allowable CA rental increases of 5% + CPI. Apart from the large upside in the rents, the area will continue to rapidly gentrify as retailers and businesses continue to flock to Lincoln Heights, which will lead to future rent growth and steady appreciation
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.
