Fantastic opportunity to purchase a well kept and managed 6 unit building in Prime Valley Glen at only $220,000 per unit and $260,000 per foot for six 2 bedroom units.
This desirable Valley Glen neighborhood is one of San Fernando Valley's most convenient and established rental corridors. The property is a short walk from Los Angeles Valley College. creating a strong appeal fro students, faculty, and local professionals alike. Residents enjoy access to the 170 , 101, and 405 freeways for easy commuting.
Valley Glen is home to 60,000 residents with a substantial rental population supporting multi family demand.
The rental income has a lot of upside potential as the averge rent is only $1470 / these two bedrooms support rental income of $2,200
Easy to manage and no downside risk in rents. Increase 3 % every year with confidence.