Request More Info
Schedule a Showing
Share
Print
|
Back on the Market Buyer failed to perform...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 $10,214 per in place income + payment standard for 2bd unit, yielding an impressive CAP rate of 7.9% - 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. 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
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Engel & Volkers Beverly Hills
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
Twitter
Facebook
Email