Huge Opportunity For An ALREADY CASH FLOWING, CASH FLOW Property That Needs Only A Small Amount of Work!
12 Bedrooms 8 Bathrooms + 1 Unpermitted Studio (Garage Conversion)
4 Units (Total) x 3 Bedrooms and 2 Bathrooms (Each Unit) in Heart of Los Angeles with Upgrades In Each Unit. 3 Units are Fully Rented With Long Term Tenants Through Section 8 (Government Pays Majority to You Directly On Time Each Month). 1 Unit Recently Became Vacant Recently - Potential For Owner Occupied Financing OR Place Tenant At Current Market Rent Rates (Upside Potential)! Garage Conversion (unpermitted) Studio Unit exists and is not rented.
Laundry Room On Site. 4 Plex is gated and secured with Parking With Gate In Rear of Property and Street Parking Available in Front and Back of Property. 2 Units Below and 2 Units Above, Separate Laundry Room, Detached Adjacent Garage.
High Capitalization Rate at 7%! $140,000 Net Annual Rent and $168,000 Gross Annual Rent with all 4 Units Rented.
Granite Counter Tops, Newer Bathroom Fixtures and Vanities, Tile Flooring, Newer Paint Throughout, and Built In Cabinetry and Storage. Well Appointed Units Ideal For Renters! Alley Way Rear Access and Front Street Access. Property Needs Some Minor Work: Laundry Room Ceiling and Inside Units Like Ceiling Fan Mounting and Clean Up.
Must See, Submit Your Offer Now Before This Property Is Sold to The Next Savvy Investor! Text Me at (949) 533-1572 Directly!
dre 01904338