Description

Hundreds of thousands less than what the property was in escrow for last year.. Basically 4 large side by side remodelled houses.Spectacular turnkey 4 unit investment. This Fully remodeled property spans 15 bedrooms and 8 bathrooms. Generating $135,000+ in gross annual rent. Each unit features recessed lighting, custom closets, upgraded fireplaces and 2 car garages with custom storage. Two units include new Ac/Heating systems: two units have in garage washer and dryers, other two units have designated laundry areas. Residents enjoy private enclosed backyards and ample cul-de-sac parking, plus park like grounds with possibly, potential for expansion. Situated in an Opportunity Zone with no City of LA rent control, rents can rise up to 8.9% annually underAB-1482. Fully occupied ( three section 8 tenants) this asset delivers stable cash flow, minimal vacancy risk, and long-term appreciation.

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Property information

Property type

Residential Income

Year built

1989

Living area

5,626 Sq Ft

Lot size

0.71 acres

Price / Sq Ft

$213

Days on market

32

Parcel number

3018-016-049

Zoning

PDR1

Features

Cooling

Central Air

Roof

Composition

Construction

Stucco · Wood Siding