Presenting a rare chance to acquire a turn key, income producing asset in one of Los Angeles' most coveted and rapidly appreciating neighborhoods. This contemporary style property offers six total units. A four unit building in front plus two newly constructed ADUs in the rear. 5 of the 6 units can be delivered vacant upon close of escrow!
The 2 bedroom units were rebuilt with all new finishes, giving a new owner the ability to command top of market rents from day one with zero deferred maintenance. Each remodeled unit features in unit washer/dryer, brand new AC units, kitchen appliances and other amenities that command high rental rates. Additionally, all electrical, plumbing and HVAC systems are brand new.
The two rear ADUs are newly constructed, both with in unit washer/dryer, brand new AC units, kitchen appliances and other amenities. Because of the ADU configuration, this property qualifies for residential financing, allowing a buyer to leverage a substantially lower down payment compared to traditional commercial multifamily loans. This is a meaningful advantage that dramatically improves cash on cash returns and lowers the barrier to entry for investors.