1715 Termino
Property Description
This is a unique opportunity to purchase a true value add 5-unit apartment complex in a core Southern CA market with real upside to a 6.80% cap rate. This is the first time the property has been on the market in almost 30 years and is a great bite sized deal for both a first time or seasoned investor. The unit mix consists of (1) Large 1 BD/1BA, (4) 1BD/1BA, there is on-site laundry and (2) on-site garages that can generate additional income.The property boasts an incredibly tenant friendly location near two major arteries (Pacific Coast Hwy & Lakewood Blvd) and is walking distance to many restaurants & retailers including LA Fitness, Chick-fil-A, CVS, Wells Fargo, Chase Bank, Raising Cane's, Starbucks, Jimmy Johns, The Habit, Staples and Big 5 to name a few
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,195,000 |
| No. of Units: | 5 |
| Average Occupancy: | 4.51 |
| Lot Size: | 3.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $239,000 |
| Property Website | Click Here |
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