Great 8 unit bldg. has an Actual 4.9% Cap Rate and and Actual 14 GRM. Once rents are increased to market rents, the Pro Forma Cap Rate would be 7.7% with a Pro Forma 10 GRM. This great 7,448 sq. ft., multi-family home sits on a 7,500 sq. ft. lot. The unit mix is 4 large 1 bed/1 bath and 4 large 2 bed/2 bath units. This great investment opportunity has 100% occupancy and room for rent appreciation. The units are also individually metered for gas & electricity. The community of Vernon-Main is on the southern edge of Los Angeles's bustling Figueroa Corridor. This neighborhood has a great mix of ample shopping, public transportation and convenient access to major city landmarks and services.
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.
