7701 Walker Ave presents the opportunity to acquire a
four unit (8BD/4BA) multifamily asset in the supply
constrained Southeast Los Angeles submarket. Held by the
same ownership since 2003, the property has benefited from
long-term stewardship and recent capital improvements,
including a three year new roof and new parking concrete floor,
minimizing near-term capital requirements. Offering immediate
cash flow, the asset is priced at a 6.49% cap rate and 11.33
GRM.
The property consists of four two-bedroom, one
bath units, providing investors with stable in-place income and
a unit mix well-aligned with the area's renter market.
Situated on a corner lot along a cul-de-sac street, the asset
offers an attractive residential setting complemented by on-site
carport parking for tenants.
Located in Cudahy, the second most densely populated city in
California, 7701 Walker Ave benefits from strong underlying
housing fundamentals and high barriers to new supply. The
offering presents investors with the opportunity to acquire a
proven cash-flowing asset supported by long-term ownership,
recent improvements, and durable demand drivers. City rent
control in place.
29 days
|
268
|
11
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Zillow last checked:
Listing updated:
Listed by:
Edwin MariscalDRE #01119480562-822-3891,
Edwin Mariscal, Broker
Source: CRMLS,MLS#: DW26135968Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Appliances
Laundry: See Remarks
Features
Common walls with other units/homes: No Common Walls
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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