HIGHEST TRUE CAP RATE UNDER $1M in DTLA! This is an opportunity to own a high cash flow, low maintenance and upgraded quadruplex. With a current cap rate of over 7% and great upside potential, this is ideal for passive investors looking for Steady Rents and Long-Term tenants who always pay on-time and are easy to work with... Located only one mile from the USC campus, the building contains 2, large 4BR units and 2, large 3BR units. Low maintenance and repairs due to recent updates including new water heaters, new roof, new plumbing, electrical upgrades in all units, and many new fixtures. There are separate washer and dryer hookups for each unit & 4 garages in the rear of the property. All units and separately-rented storage garages are rented out and/or occupied. All four-units are Section 8, which means majority of rents are direct deposit into owner's bank account through the Los Angeles Housing Authority.
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.
