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5.06% CAP RATE with super low expenses ! Fully renovated 4 unit in heart location in Mind wilshier, Los Angeles ! Newer double pain windows, newer sewer line , all units comes with 2 bed 1 full bath room , fully remodeled kitchen , flooring, mini split units for Ac and heating, upgraded electrical panel for all 4 units, 4 saparate gas meters, each units come with the own laundry (owner owns washer and dryers) , pleanty of parking spots. 1 units just vacated, 1 unit moving out Oct, 2024, 1 unit contract expires 12/31/24 , last units in on month to month.Each unit can be rented at $3,250 - $3,350 Upstairs unit has a balcony , downstair unit has 2 separate access (Facing to street and from the back parking lot) Super low Expense :Insurance $3, 216 (per yr) + Trash $3,180 ($265 per month) + water $2,600 ($445 every 2 month) + Gardening $1,560 ( $130 per month) + no management cost = $10,556 per yr Property Tax $23,183.56 Total Expense : $33,739.56 (Approx 22% of GSI) GSI : $12,700 Rent per month $152,400 NOI : $118,660.44 Please request your OM today and check video link ->> https://vimeo.com/1000595132
Last Updated | 8/26/2024 | Year Built | 1924 |
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Community | Hancock Park-Wilshire | County | Los Angeles |
Additional Details
AREA | Hancock Park-Wilshire |
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GARAGE | Assigned |
LOT | 6001 sq ft |
LOT DESCRIPTION | 0-1 Unit/Acre |
PARKING | Assigned |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
WATER | Public |
ZONING | LAR3 |
Location
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