JUST REDUCED! - We are pleased to exclusively offer for sale this 5 unit multi-family investment in the city of El Sereno. The subject property consists of 5 single story detached cottage style units, the most desirable construction style when it comes to multi-family. Each unit is separately metered for electricity and gas while the current owner pays for water and trash. Located on a primarily residential street, and less than 1/2 block from an elementary school, tenants enjoy the location. While the property is located in a rent-controlled community, with the right management in place a new investor can take advantage of prevailing market rents and bring the total cash return to 7.8+%...rare to find in LA city.
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