We are pleased to offer this eight unit investment opportunity, located in the City of Los Angeles. The unit mix consists of eight 2+1 units. The investment consists of approximately 6,383 of rentable square feet and is situated on an approximately 6,214 square foot parcel. Recent property upgrades include a six units being recently renovated with new cabinets, new lights, new ceiling fans, and new bathroom vanities.. The building amenities include a large parking area with nine total spaces, a secured gated entry, and the property is separately metered for gas and electricity.
Total Floor Area:
6,383 sq. ft.593 m2
Lot Area:
6,216 sq. ft.577 m2
Bedrooms:
16
Full Bathrooms:
0
Three Quarter Bathrooms:
0
Half Bathrooms:
0
One Quarter Bathrooms:
0
Bathrooms:
8.0
(Full:0, Half:0)
Year built:
1963
(Age: 62)
General Listing Location:
Los Angeles, C42 - Downtown L.A.
County Or Parish:
Los Angeles
Gross Income:
$204,964
Net Operating Income:
$146,888
Cap Rate %:
7.54
The subject property is located in the City of Los Angeles. The property is situated south of Gage Avenue, North of Florence Avenue, West of Avalon Boulevard, and East of Main Street.