Back on market, buyer did not perform. Excellent 4 unit building located near Studio City. Built in 1979 and eligible for rent increase of 7.5% by August 2020 which will increase the rental income to $99,007. Achieve 13.63 GRM as of August 2020. Subject consists of (four) 2 bedroom + 2.5 bath town-home style apartments with approximate rentable square footage space of 4,796 per assessor. Property has in unit washer/dryer, dishwashers, central a/c & heat, and fireplace. Submit offers. Similar properties in the area are in escrow between $1,599,000 -$1,799,000. Submit all cash offers only.
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