• For Sale
  • USD 1,075,000 
  • Build Size: 1,664 ft2
  • Bedroom: 5
  • Bathroom: 4
Exceptional Opportunity: Own 4 Units (Currently 3 Vacant) in Los Angeles! This property is prime for Section 8 rentals with estimated rental income of approximately $10,273 per payment standard, yielding an impressive CAP rate of 8% - 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. With all units currently vacant great opportunity for buyer to vet their own tenants and have a passive rent generating machine with no headaches or maintenance calls. The seller is also pursuing Section 8 rental approval, allowing for the potential of selling with tenants already in place. At this time one unit has been placed under contract with section 8 and is paying $2,407. 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 1,075,000. 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.