Back on the Market Buyer failed to performance...Exceptional Opportunity: Own 4 Units (Currently 1 Vacant) in Los Angeles! This property is prime for Section 8 rentals with estimated rental income of approximately $10,273 per payment standard, yielding an impressive CAP rate of 8% - a rarity in today's market! Property features brand new roofs, new windows, stylish new kitchen cabinets, and elegant quartz countertops. The front two units offer high ceilings creating a loft-like atmosphere, and built-in laundry hook ups, while the back units benefit from a convenient community laundry space. All units come equipped with new tankless water heaters, stoves, refrigerators, microwaves and mini-split AC/heating systems. Upgrades include new electrical systems and 400 amp panels, and 100% new pex plumbing and state of the art fire sprinkler system (insurance carriers love). All units individually metered for gas and electric. With all units currently vacant great opportunity for buyer to vet their own tenants and have a passive rent generating machine with no headaches or maintenance calls. The seller is also pursuing Section 8 rental approval, allowing for the potential of selling with tenants already in place. At this time Three units has been placed under contract with section 8 and is paying $2,407. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!
|
DAYS ON MARKET
|
125
|
LAST UPDATED
|
11/20/2024
|
|
YEAR BUILT
|
1934
|
COMMUNITY
|
Metropolitan South
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Conditional
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| School District |
Los Angeles Unified |
|
Prior to Nov 15, '24
|
$1,075,000
|
| Nov 15, '24 - Today |
$1,150,000 |
| APPLIANCES |
Dryer, Electric Cooktop, Refrigerator, Washer |
| AREA |
Metropolitan South |
| CONSTRUCTION |
Stucco |
| GARAGE |
Driveway |
| INTERIOR |
Ceiling Fan(s), High Ceilings |
| LOT |
4002 sq ft |
| LOT DESCRIPTION |
Back Yard, Landscaped |
| LOT DIMENSIONS |
40x100 |
| PARKING |
Driveway |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
1 |
| STYLE |
Spanish |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LAC2 |
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Listed with Engel & Volkers Beverly Hills
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/24 6:24 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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