Residential Income Details
Here is a 5-unit multi-family investment property in the city of Los Angeles. This value-add opportunity is perfect for an investor looking to acquire an apartment property and maximize its income potential. The property has been under the same ownership since 1989. The units are currently leased to long-time tenants on a month-to-month agreement at below market rents, perfect for a sophisticated investor to maximize the income potential. The front house is a spacious 2 bedroom + 1 bathroom house with a lush and beautiful patio/yard area and RV parking area on one side. It boasts new paint and landscaping on the exterior along with rod iron fence surrounding the property for added feeling of comfort. It was built in 1962 with ±4,688 square feet building size and situated on a ±9,040 square feet lot including both buildings. In the rear is a garden-style two-story building with side courtyard and parking area in the front and side part of the building. It has 4 units and offers a very attractive unit mix of four (4) 2bed +1bath units accompanied with washer and dryer hook-ups. Each unit is large with an excellent layout, most units have vinyl wood flooring in kitchen and living area. Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information.
|Number of Units||5|
|Listing Brokerage||Growth Investment Group, Inc.|
|Listing Agent||Handoko Chen|
|Listing Agent BRE #||01749321|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, August 18, 2017.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Information from sources other than the Listing Agent may have been included in the MLS data.
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The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.