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Fully Occupied!! 4 Units in Los Angeles! This property has in place rental income of $9569 and still qualifies for favorable 1-4 units loans. The only 4-units on the market with in place income this high yielding an impressive CAP rate of 7.49% - 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. 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. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!
Property Type(s):
Residential Income
| Last Updated | 11/27/2024 | Year Built | 1934 |
|---|---|---|---|
| Community | Metropolitan South | County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Price History
| Prior to Nov 15, '24 | $1,075,000 |
|---|---|
| Nov 15, '24 - Today | $1,150,000 |
Additional Details
| 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 |
Location
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Listed with Engel & Volkers Beverly Hills
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