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.
Hoston & Associates is pleased to present for sale this NON RENT CONTROL 10 Unit building in South LA. This property was built in 1984 and consists of mostly 2 bedroom units. Property is 100% Occupied and will have immediate upside!! Property has subterranean parking with tandem spaces. Contact us now for details!!
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.
A rare opportunity to own this lot located on Manchester near freeway which may accommodate many uses. It currently serves as a auto repair and auto storage. It has two bays, and working space that may serve as an office in the front portion of the lot. The entire property is Gated and the lot approximately 7,000 sq. ft. Close to City Transportation, and shopping