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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$3,575,000

Est. payment - /mo

12 Beds

8 Baths

0.26 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26243037

Bedrooms 12

Lot Size 0.257 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Newer modern 8 unit Townhome style building in the desired part of Los Angeles, bordered line with Huntington Park and only 7 miles from DTLA! Property is selling at approximately 6% CAP (real rent, real numbers). This complex is close to major transits. Only couple blocks from the Blue Line Station that has quick access to get to Downtown LA and Downtown Long Beach (76 Walk Score). Investors get to enjoy a nice cash flow off this home with an actual stabilized asset bringing in $285,900 in gross annual rents. Property has total of 20 bedrooms and 16 baths. All buildings offer a 3 bedroom, 2 bath (4 units 3/2) and a 2 bedroom, 2 bath (4 units 2/2). This apartment complex has all the modern touches in todays market such as laminate flooring, recessed lighting, quarts countertops on kitchen, central AC, washroom, PAID OFF solar systems, and very low expenses as all units have separate utilities including water meters. This complex was design for you as the new owner to guarantee long terms tenants. This one spacious 11,200 lot size accommodates parking for all tenants. Property offers 12 car garage and about 7 open parking spaces. This is a big incentive for the tenants. Near retailers include Mc Donalds, Chase, Starbucks, CVS Pharmacy, Citi Bank, North Gate Market, Wing Stop, Panda Express (all walking distance) and many more. This by far one of the best properties in the Florence-Graham district, check it out before is gone!

Location

State CA

County Los Angeles

Zoning Public Rec

Direction 59h and hooper

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 6008008031

Acceptable Financing Cash, Conventional, Exchange, Land Contract

Listing Terms Cash, Conventional, Exchange, Land Contract

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Listed by Daniel Terrazas, DRE#02019893 VIP RE Firm

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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1201 E 59th Place Los Angeles, CA 90001

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information