Solid 10 unit apartment with two commercial spaces, only one of the spaces is fully rented. Generating great cash flow. There is potential to increase rents and improve managements. Seller may carry, depending on the offer. Submit all offers. Absolutely do not disturb any of the tenants.
GREAT MIX WITH SIX 1 BEDROOM 1 BATH, TWO 2 BEDROOMS 1 BATH AND ONE 3 BEDROOMS 2BATHS. APPARTMENTBUILDING IS CURRENTLY AT A NICE 8.10% CAP RATE AND A 9.42 GRM. MANY BIG UPGRADES IN MOST UNITS SUCH AS WOODEN FLOORS. ONGOING VERY GOOD COLLECTION RECORD, LONG TERM TENANTS SEPARATE GAS AND ELECTRIC METERS FOR THESE UNITS LOCATED ON A WIDE STREET WITH AMPLE PARKING MAKE THIS PROPERTY A STRONG INVESTMENT.
We are proud to present the W. Florence Avenue apartments-an 8 unit apartment building located in the city of Los Angeles. This two story, wood frame stucco building was constructed in 1957 and consists of 4,708 square feet of living area. The property contains 8 gated parking spaces and is situated on a 6,629 square foot lot. The unit mix at the property consists of eight (8) 2 bedroom / 1 bathroom units. All units are individually metered for both gas and electric and each unit contains its own water heater. The property has undergone some improvements to the interior of the units and some copper plumbing upgrades as needed. There is a current assumable private financing in the amount of $500K with negotiable rate and terms. Seller is willing to carry a small 2nd TD in the amount of 100K with negotiable rate and terms.
Fully occupied, cash on cash of 13.9%, CAP 7.77%, GRM 8.6%. Excellent 2 story building, wood frame construction, consists of (Seven) 2+1, (Two) 1+1. Actual income of $102,036. Gated security building. Covered carport parking. The units have varying floor plans and amenities.
Enjoy Steady, Solid cash flow with this 10 unit money maker in Manchester Square/Westmont. It has an Excellent unit mix with (4) 2BR/1BA & (6) 1BR/1BA and good upside for the rents. The large lot features parking for 10 cars , storage, laundry room. Located only 1.5 miles from newly renovated Forum, this area should continue to improve and be in demand for housing for the growing labor market.
New Quality Duplex Property currently under construction with an estimated completion date of June, 2014. This outstanding property consists of two (2) 5-Bedroom / 3-Bathroom Units built in "condo-style" such that each unit occupies one (1) floor. There is a separate 4-Car Garage with off-street parking for at least 2 additional vehicles. Each unit includes Dual-pane vinyl windows, FAU, Granite Counters in the Kitchen and Solid Wood Cabinets throughout. Flooring consists of Tile throughout except for Carpet in the Bedrooms. Fully landscaped in the Front with Automatic Sprinklers and Rain Gutters that drain underground to the sewer / street. As you Real Estate Professionals know, a QUALITY Property of this type at this price will go quickly so don't miss out on this TERRIFIC Opportunity and take your clients by this location and submit your offer TODAY! Feel welcome to call me.