Property Detail

Description

We are pleased to present 22 units located in the heart of Los Angeles. Priced to sell at 9.51 GRM, and 10.32% Cash on Cash Return! This opportunity has a proven track record of strong cash flow, stable tenancy, and consistent rent growth. Situated on an oversized 19,000 square foot lot, there is ample parking behind secure perimeter gates. The property consists of over 70% two-bedroom units, has laundry onsite that generates additional income, and also has a utility bill-back system in place to help increase recurring cash flow. The property boasts new windows, new paint, new landscape, new secure gates, a new central water heater, and a new solar water heating system to keep utility expenses at a minimum. Located around the corner from a popular elementary school, and five minutes from the 110 and 105 highways, the property is centrally located, 15 minutes from Manhattan Beach and LAX with many other amenities nearby. This is a great opportunity for a buyer looking to put minimal money down, and cash flow double digits from day-one, while still having almost over 13% upside in NOI.