7 Units in Los Angeles
Property Description
Offered at just $261/Ft., with a 6.78% CAP rate to be in place by the closing, this is perfect for a cash flow investor, or a first time owner. The seven-unit property consists of (1) 3 Bedroom / 1 Bath Single-Family Home in the front, with (2) 2BD/1BA, and (4) 1BD/1BA units in the rear. This property is in unincorporated LA County, allowing for a 3% rent increase. With this in mind, the current owner has rent increases notices in place that will take effect by the time a new Buyer would close. Attentionally, the pro-forma rents would allow for an 8.79% Pro-Forma CAP rate!
Key Property Information
| Listing Status: | Available |
|---|---|
| Price: | $1,399,000 |
| No. of Units: | 6 |
| Cap Rate: | 6.78% |
| GRM /GIM: | 10.67 |
| Year Built: | 1927 |
| Year Renovated: | 1958 |
| Building Size: | 5,347 Sq ft |
| Lot Size: | 9,445.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 6047-020-010 |
| Opportunity Zone: | No |
| Price per unit: | $233,167 |
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