5.71% CAP RATE on Current Rents & Very Motivated Seller! WISH YOU WOULD'VE BOUGHT ON FIGUEROA OR YORK BLVD 10 YEARS AGO? Well, here is your chance to acquire (6) mixed-use units in prime El Sereno, Northeast LA's newest hotspot! The unit mix includes (3) 1BD Apts, (1) Studio, and (2) Commercial units that are all separately metered. The front building includes (2) commercial units with 45 feet of street frontage on Huntington Drive and (2) residential apartments. The rear building includes (2) residential apartments that have brand new interiors, a brand new roof and are NOT subject to rent control. There is ample street parking in the front as well as (5) gated open parking spaces in the rear of the property that can provide another source of monthly income if rented out. The property has the potential to operate at a 7.20% Cap Rate & 10.64 GRM on pro forma rents! *All information provided to be deemed reliable but not guaranteed.*
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.
