Major price reduction... Bring your buyers and let's make a deal. Perfect for an investor with an approx. 6% current return or great for an owner-user because you can basically live here rent free off the income from the three other units. This bread-and-butter 4 unit apartment is located in the hot West Adams submarket of LA (90018). The property features four 2 bedroom 1 bath units with approx. 4,398 total rentable sq. ft. The current rents are: $1,193; $1,220; $1,234, and a long-term tenant just vacated so the 4th unit can be rented immediately at the market rent of $1,300/mth plus. The property has historically low operating expenses, and is separately metered for gas & electric. The property was built in 1938 and the lot size is 6,525 sq. ft. There are four garages in the rear of the property currently used for storage, and there is also a rear concrete area for tenants to park off-street. This property is very attractive for an investor or owner-user alike because of the long-term 30 year fixed rate loan that can be obtained. Lock in a great long-term 30 yr fixed rate loan now before rates start to increase. Come get this great fourplex today before it's gone!
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.
