Marcus & Millichap is pleased to exclusively offer two adjoining cash-flow properties, on separate parcels, in the South Los Angeles rental market. The triplex was built in 1948 and the two-story quadruplex was built in 1963. These 100% occupied properties offer easy management and very low expenses, with an exceptional cash-on-cash return, and future rental upside. Multiple units have been recently rehabbed, and many recent plumbing upgrades completed as well. The two sites also offer a quarter acre of real estate on a corner lot with frontage on a business throughway, providing an excellent future development… opportunity. Buyer to investigate zoning and ordinances, but the current property usages along San Pedro Street provide an idea of the many potential options. The two properties are available together for $955.000, or separately, with the triplex priced at $410,000 and the quadruplex priced at $555,000. These 100% occupied properties offer easy management and very low expenses, with a high cash-on-cash return, and future rental upside. 8% CAP rate at 8.7 GRM, and up to 19+% Cash Flow with Residential Lending Terms. The two sites also offer a quarter acre of real estate on a corner lot with frontage on a business throughway, providing an excellent future development opportunity. Buyer to investigate zoning and ordinances, but the current property usages along San Pedro Street provide an idea of the many potential options. The two properties are available together for $989.000, or separately, with the triplex priced at $425,000 and the quadruplex priced at $575,000.
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