This 6 unit investment property is located several blocks west of USC on the corner of 42nd St. & Menlo. This apartment has an excellent unit mix with three 2 bedroom & 1 bath units and three 1 bedroom & 1 bath units. The roof was replaced and the building was re-painted this year. Two of the 2Bd/1ba units have tile flooring and granite counter tops. This proeprty is subject to rent control; however, the rents are very competitive for the area allowing an investor to generate better than a 7% cash-on-cash return and 10% total return from day 1. At $550,000 this property is listed for $91,667/uni & $96.42/sq. ft.
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.
