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.
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.
