Residential Income Details
The subject property was constructed in 1923 on an 8,192-square foot lot and has copper plumbing and updated electrical, as well as new exterior paint. It offers six studio and four one-bedroom units that are separately metered for gas and electricity and feature electric heaters. In addition to gas and electricity, tenants are also responsible for trash expenses.
The property is located west of Avalon Boulevard and three blocks north of Anaheim Street. This area is an extremely dense rental market with convenient access to the 110 Freeway and near the major employment centers of the ports of Los Angeles and Long Beach.
324 West Opp Street presents an excellent opportunity for an investor to rehabilitate and reposition the property in order to capture approximately 21 percent potential upside in rents.
|Number of Units||10|
|Listing Brokerage||Steven M. Bogoyevac, Broker|
|Listing Agent||Steven Bogoyevac|
|Listing Agent BRE #||01332755|
|Co-Listing Brokerage||Marcus & Millichap|
|Co-Listing Agent||David O'Keefe|
|Co-Listing Agent BRE #||01928739|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, January 12, 2018.
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