Very motivated seller! Seller has identified up-leg property and must be non-contingent on the sale within the next few weeks. 804 Larch St. is a 9-unit building built in 1989, in a prime Inglewood location. The property consists of eight (8) 2 Bd/2 Ba units and one (1) 2 Bd/2.5 Ba townhouse. Each unit has two (2) garage parking spaces and eight (8) of the nine (9) units have been rehabbed with plank tile flooring and granite counter tops. This is a very stable asset in a newly rent control market, with additional rent upside. 4.90% cap rate on the current rents and 5.80% cap rate on the market rents. Numbers Page, Rehab Schedule, and 2018 Profit and Loss Statement included as supplements to this listing.
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