Property Detail

Description

Well-priced 4-unit property in South Los Angeles, offered at $237,000 per unit and $357/SF. Current income supports a 8.01% Cap Rate and 9.18 GRM, making it a solid cash-flowing investment from day one. The building features 4 parking spaces with secure entry, a great amenity for tenants. The two story structure was built in 1959 and sits on a 4,655 square foot lot that is zoned LAR2. The construction of the property is wood-frame stucco. Great opportunity for investors looking for a simple, flexible property with upside in a growing neighborhood.