Bring all offers. Flex in Price Multi-Family FOR SALE


Los Angeles, CA - South Central LA
$8,799,000 USD
310-344-8218
, Los Angeles, CA for Sale
$8,799,000 USD
Multi-Family - FOR SALE
1/16
null | 6.13% Cap Rate

Bring all offers. Flex in Price
Los Angeles, CA
South Central LA


HIGHLIGHTS

  • Beautiful New Construction with No Rent Control
  • Net Lease Investment
  • "Hands-Off" Investment with Few Annual Expenses
  • Captive Audience of 50K USC Students Nearby - Rents Reset Every Fall

OVERVIEW

Two beautiful, identical, new-construction, 3-story co-living buildings near USC, only doors apart from one another. 25 Beds/25 Baths in each building, with a large kitchen on each floor. An exciting and unique Net Lease Opportunity (Master Lease) in a gentrifying location - Landlord ONLY pays for property taxes and insurance - Tenant/Lessee picks up ALL other expenses . These properties just received their Certificate of Occupancy and have been master leased for a 2 year + 2 year (option) term to an LA County non-profit, Special Services for Groups, Inc. 3.5% annual rent increases, too. PERFECT FOR USC STUDENTS, IN THE FUTURE, ALTERNATIVELY. AND THE 4 CAR GARAGES CAN BE BUILT OUT, ADDING 3 MORE BEDROOMS EACH - bumping the gross income 12%!

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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