Description
We are pleased to offer for sale this four (4) unit multifamily investment offering, located in the City of Los Angeles. The subject property is constructed of wood frame and stucco, built in 1942, with approximately 4,344 rentable square feet on a 6,750 square foot lot. The asset is comprised of a two-story structure, with a unit mix consisting of one (1) 4+4 unit, one (1) 3+2 unit, one (1) 2+2 unit, and one (1) 2+1 unit. Recent upgrades to the property include new exterior paint, updated copper plumbing, and all four (4) units were recently remodeled/ renovated within the last year with hardwood floors, new tile, new cabinetry and granite counter-tops. The investment is a current stabilized 7.2% Cap Rate. Excellent cash flow, and well positioned about 1 block away from the Coliseum. Garage conversation ADU potential as well for additional income.
Map
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