Clean and rehabbed apartment building at a 5.85% CAP RATE at the close of escrow! This tastefully rehabbed property would make the perfect addition to a seasoned investor's portfolio or for someone strategically looking to place capital in a turn-key property. The building is comprised of six (1 bd + 1 ba) units in a comfortable courtyard setting. Four of the units are single story construction with two spacious apartments in the rear. Located in the emerging city of South Gate, the subject property is in close proximity to dining and entertainment options along Firestone Boulevard. The property is centrally located near the 710, 5, 101, 110, 105, 60, and 10 freeways. It is only a short walk to nearby schools and a 5-minute drive to amazing shopping and entertainment centers. The future upside of this property will increase exponentially with the opening of the new 105,000 sf state of the art East Los Angeles Campusliterally across Firestone Blvd.
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.
