NO RENT CONTROL. 1960 Contemporary in county, NOT City of L.A. Courtyard building. Large updated 17 units, 12,240 sq. ft., excellent mix w/ 26 beds & 19 baths, 213K actual gross income w/ lots of upside, 17 enclosed carports + 9 spaces, 17 gas meters, 17 electric meters, low expenses. 12,681 sq. ft. corner lot w/ alley in rear. Great Athens rental area s. of the 105, w. of Vermont. Priced below replacement cost.
9.89% Cash on cash. 6.82% CAP. 9.09 GRM. Well maintained 2 story complex. Freshly painted exterior, consists of (8) 2+1, (3) 3+1. Fully occupied. Actual income of $142,452. 9 onsite gated parking. All units are separately metered for gas and electric. Great rental location, within minutes of LAX, USC, downtown, and the coast.
Turnkey 2012 Duplex with 5 bedroom/3 baths each, with attached 2 car garage in great neighborhood close to shopping and schools. Current tenants are Section 8 with dependable monthly income. Property management takes care of all maintenance and inspections. Tenants pay gas and electric.
One single house and a triplex on one lot! Property will be delivered vacant to the future proud home owner who can set rent freely. Live in the house and rent the other three units, or rent them all, the amazing cashflow will be there. The single house and two of the three units are 2/1, the other unit is 2/2. All fixed up and ready for move in.
Lender owned. 2 story duplex built in 2008 + remodeled 3 bed 2 bath SFR on 50 x 106 street to alley R3 lot. 3400 sq. ft. of building, w/SFR. Granite counters throughout. NO RENT CONTROL ON THE DUPLEX. Could evict - ideal owner-user. All separate gas, electric, water heaters, and even water meters. Tenants pay electric, gas, water and trash. Seller's only expense is $60 a month for exterior lighting. 8 car covered parking. Construction cost for duplex alone was 240K. Good rental area walkable to library and all 3 schools, and close to 108th St Police Station (the big one). See agent remarks.
BEAUTIFUL UNITS IN LOS ANGELES NICE AREA CLOSE TO FREEWAYS SCHOOLS AND SHOPPING CENTERS, THIS UNITS HAVE JUST BEEN GOING TO A COMPLETE REMODELED NEW KITCHENS, BATHROOMS, WOOD FLOORS THROUGHOUT BOTH UNITS THERE IS TOO MUCH TO LIST HERE YOU NEED TO COME SEE THIS DUPLEX TO FALL IN LOVE WITH IT.
BUYER TO DO THEIR OWN INVESTIGATIONS AND INSPECTIONS REGARDING PERMITS SQFT, AND ANY OTHER CONCERNS.
Cash cow! Cap rate is 8.19 and GRM is 9.32! Front unit is a large 4bd and 2 baths house that is getting good section 8 income. Owner did a lot of rehab work. Property also offers 3 one bedroom one bath units that are not section 8. Each unit has its own electric and gas meter. Each unit has its own parking space. Street looks peaceful with many one level homes.