We are pleased to present our exclusive listing of 9 Units located on Navarro Street in the heart of El Sereno (Los Angeles). The subject property is situated adjacent to Alhambra and within 3 Blocks to Huntington Drive. An Excellent Unit Mix of Studio, 1 and 2 Bedroom Units and is comprised of (TWO) 2 Bedroom + 1.5 Bathroom, (FIVE) 2 Bedroom + 1 Bathroom, (ONE) 1 Bedroom + 1 Bathroom and (ONE) Studio Unit. Total rentable square footage of the building is approximately 7,046 sq. ft. (built in 1964) on a 7,132 sq. ft. Lot zoned LARD2. Tenants enjoy the convenience of on-site parking and on-site laundry room while Landlord enjoys the additional income from the machines. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-94%. This property's Seismic Retrofit was Completed in 2019 and is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Property is located within a short drive to CSULA & the 10 Freeway. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $700,000) at 3.15% Fixed until 11/01/2026.
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