• For Sale
  • USD 1,150,000 
  • Build Size: 1,664 ft2
  • Bedroom: 5
  • Bathroom: 4
Fully Occupied!! 4 Units in Los Angeles! This property has in place rental income of $9569 and still qualifies for favorable 1-4 units loans. The only 4-units on the market with in place income this high yielding an impressive CAP rate of 7.49% - a rarity in today's market! Property features brand new roofs, new windows, stylish new kitchen cabinets, and elegant quartz countertops. The front two units offer high ceilings creating a loft-like atmosphere, and built-in laundry hook ups, while the back units benefit from a convenient community laundry space. All units come equipped with new tankless water heaters, stoves, refrigerators, microwaves and mini-split AC/heating systems. Upgrades include new electrical systems and 400 amp panels, and 100% new pex plumbing and state of the art fire sprinkler system (insurance carriers love). All units individually metered for gas and electric. The seller is also pursuing Section 8 rental approval, allowing for the potential of selling with tenants already in place. At this time Three units has been placed under contract with section 8 and is paying. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!
Edmar Costa
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Los Angeles Residential Income, Los Angeles, California, United States is a 1,664ft2 Los Angeles luxury listed for sale USD 1,150,000. This high end Los Angeles is comprised of 5 bedrooms and 4 baths. Find more luxury properties in Los Angeles or search for luxury properties for sale in Los Angeles.