Take advantage of the Los Angeles housing crisis. eight-unit garden style income property is a solid investment at $153,750 a door. Scheduled Cap Rate of 9 with 3% increase in current rent and the three bedroom unit rented at market rent. This Vermont Knolls complex is gated and consistently maintains 100% occupancy. Upgrades including a new roof in 2017, copper plumbing, granite counter tops, and wood flooring in many of the units. Most rents are close to market so there is room to increase rents. Easily navigate through the city, to work, school or for fun from nearby bus stops, metro train & rail stations. Nearby major attractions: Staples Center, LA Convention Center, LA Live, Regal Cinemas, L.A. Rams Coliseum stadium. The property is situated close to L.A.'s top colleges: USC, Mount St. Mary's, FIDM, Loyola Law School along with other highly coveted top-rated charter schools.
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