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BACK ON THE MARKET!! Exceptional Investment Opportunity: 4-Unit Vacant Property in Prime Los Angeles Location! This is a rare chance to own a well-maintained 4-unit property in Los Angeles, including a large lot with plenty of parking. All units currently vacant and the potential for strong rental income. Ideal for Section 8 tenants, the property is projected to generate $10,273 per month in rental income, based on the payment standard, which translates to an impressive 7.7% CAP rate a standout return in today's market. The property boasts numerous upgrades, including brand-new roofs, windows, and stylish kitchen renovations featuring sleek quartz countertops. The front two units offer a welcoming, home-like atmosphere with laundry hookups, while the rear units benefit from a convenient community laundry space. Every unit is equipped with new tankless water heaters, ensuring energy efficiency and low operating costs. Major systems have been upgraded with new electrical wiring and service panels, along with 100% new PEX plumbing throughout the property. Each unit is individually metered for electricity, further enhancing the investment appeal. With all units currently vacant, the buyer has a unique opportunity to carefully select their tenants, ensuring a hassle-free rental experience. Don't miss out on this exceptional opportunity to invest in a high-demand location with the potential for steady, passive income. Act quickly and make this prime property your next smart investment!
Property Type(s):
Residential Income
| Last Updated | 12/30/2024 | Year Built | 1914 |
|---|---|---|---|
| Community | Metropolitan Southwest | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Electric Cooktop, Gas Cooktop |
| AREA | Metropolitan Southwest |
| CONSTRUCTION | Stucco |
| GARAGE | Driveway |
| HEAT | Electric |
| INTERIOR | Ceiling Fan(s), Open Floorplan |
| LOT | 5403 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 1 |
| VIEW DESCRIPTION | None |
| ZONING | LARD1.5 |
Location
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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.
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