Property Detail

Description

Attention Savvy Investors: Immediate Cash Flow + EVEN MORE Value-Add Potential! 4 separate Buildings on huge R3 lot ( over 9300 sq ft ) with 6 Garages. This fully rehabbed multi-unit building in the heart of Los Angeles offers serious income potential with a pro forma 10.4 % CAP rate and 7.3 GRM!!!!! . Perfect for savvy investors seeking strong returns with minimal upfront hassle. Property Highlights: Fully renovated in 2020: new roof, plumbing, electrical, kitchens, and bathrooms****** choose your own tenants! Currently 7 units - with potential to add a JADU (8th unit ) --- Appproved plans and Permits to convert existing space to add an additional unit to add even more income ++++projected rent of $2100/Month ***Potential to add on-site laundry and rent out garages for additional income***Experienced professional property management in place and can stay on post-sale **** Location: Prime Los Angeles central, in-demand, and ideal for long-term appreciation. //Value-Add Opportunities: 1) Build out the 8th unit with minimal steps (pans and permits already approved!) 2) Add laundry room for added tenant convenience and additional revenue- 3) Lease out garages separately for bonus monthly cash flow-