2017 Construction & Remodel. Incredible 5.6% proforma CAP rate. Fourplex with excellent unit mix. No rent control. Prime Lake Balboa location just North of Victory Blvd near Orange Line station. Offered is the perfect investment whether you?re starting a real estate portfolio or looking to significantly improve one. Emerged as a Fourplex with the construction of 3 brand new modern units, this property is built with features to meet today?s standards and to keep maintenance cost down. Individual brand new central air/heat units, inside laundry hook ups, water heaters, electrical & gas meters. Building has 2 parking spaces per unit, new roof, new main sewer line, new front sprinkler system, new gates being installed, double pane windows, secure storage room & bicycle parking. Unit #1 offers 3 beds, 2 baths with new kitchen, new master bathroom, new central air/heat, new paint, large living and dining rooms and laminate flooring. Units #2 and #3 are brand new with 2 beds, 2 baths each. Open floor plans. Custom-built kitchens with granite counter tops. Master bedrooms with private bathrooms and balconies. Unit #4 is brand new and offers a spacious 1 bed, 1 bath floor plan featuring a large kitchen with breakfast area and a well sized bedroom/bathroom. Cert of
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