Newly renovated 4-plex located in budding Mid City. Amazing investment opportunity with 41% upside in rents! 6.9% cap rate on pro-forma rents! This unique investment property consists of four 2bd-1ba units. With one of these units currently non-occupied and completely remodeled, the property will appeal to both an investor or owner/user. The non-occupied owner's unit features a NEW kitchen, NEW bathroom, NEW luxury plank flooring and NEW lighting and plumbing fixtures throughout! NEW security gate encompasses the street-facing portions of the property providing attractive curb appeal and enhanced security for prospective tenants. Distinct large, corner lot with separate duplexes allows for the potential for a possible LOT SPLIT with a separate duplex on each lot enhancing this value-added opportunity! There was no expense spared in the recent remodel including NEW dual-paned windows on both buildings, NEW sewer liner, NEW garage roof underlay, newly renovated owner's unit, NEW exterior paint among various other upgrades. Tenants will find ample parking with multiple driveways and a 1-car garage structure available. Central location which is conveniently just minutes from USC, downtown Los Angeles, The Grove, Koreatown, Century City and downtown Culver City. Act quickly as this is truly an amazing opportunity!
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.
