This property is a high-revenue-generating cash cow with a cap rate of over 9%, but yet has an upside in rent making it an exceptional investment opportunity. Externally, the building has undergone extensive upgrades, including new stucco, fresh paint, and the installation of a new electrical panel, and roof, ensuring… Read More long-term durability and reduced maintenance costs. Internally, all units have been extensively remodeled with updated electrical systems, new piping, modernized kitchens and bathrooms, and upgraded flooring, enhancing tenant appeal and rental value. Additionally, its prime location with easy access to the freeway and close distance to schools and workplaces makes it highly attractive to tenants, ensuring strong occupancy rates. With its fully upgraded condition, modern amenities, and high demand, this property offers strong and consistent rental income, making it a lucrative, low-maintenance investment for serious investors. Read Less
Property listed by Keller Williams Beverly Hills, Meran Solamany 310-432-6400
Listing Snapshot
Days Online
247
Last Updated
Beds
14
Square Ft.
4,576
Lot Size
0.15 Acres
Year Built
1927
MLS Number
25515817
Additional Details
Appliances & Equipment
Microwave, Refrigerator
Building
Built in 1927, Living area: 4576.0, 2 buildings, 2 stories, Levels: One, Two, Entry level: 2
Community
Gated
Heating
WallFurnace
Income
Gross Income: $15,334, Net Operating Income: $134,210
Lot
0.151 acres
Parking
2 carport spaces, 6 open parking spaces, 7 total parking spaces, Gated
Security Features
GatedCommunity
Taxes
Parcel Number: 6020034012, Zoning: LAR3
Windows
DoublePaneWindows
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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