An absolute turn key investment surrounded by houses that are being renovated....a ton of activity on this street. Settle and start collecting rent immediately. In addition to the actual rental units both garage bays are rented out for 150 extra income a month-driving gross rental income to 2,975 monthly. The rental figures could easily be raised with some renovations to first floor units and third floor unit. The 2nd floor apartments have all been recently redone and need zero renovations to maximize rental income. Purchase and keep everyone in place and allow for rent to fund any repairs or updates new owner would like to do. Third floor unit is already section 8 approved. There is no other multi-unit property in the surrounding area with such a great return on investment that is fully occupied. This CAP RATE is through the roof. Any prudent investor would schedule an appointment today for this one... Fireplaces are available behind drywall for most of the units. Please allow for approximately 24 hour notice to get through all units. Co LA would be happy to clarify any further financial questions as needed.
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.
