Year-One 10 GRM & 6.99% Cap Rate, Market 7.0 GRM & 10.99% Cap Rate! A 17 unit property consisting of 8 separate parcels, conveniently located in East Los Angeles. Built between 1922 and 1963, the buildings consist of 3 commercial spaces, 1 vacant lot, and 14 apartments that include a unit mix of (10) 1-bedroom units and (4) 2-bedroom units. The portfolio is being delivered with 6 vacancies and has the potential to yield a 7 GRM upon rehab and stabilization. This value-add property, neighboring Boyle Heights, attracts many who are seeking a quick and easy commute to Downtown LA. Investors have many opportunities to capitalize on this investment whether it is to generate high cash flow, assemble the additional parcels, or renovate and sell each parcel individually for an estimated future value of $3.75MM.
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