House Los Angeles (United-States) Price: $ 1,150,000 USD

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Surface 154 m² Bedrooms 5 Land 0 m²

Back on the Market Buyer failed to performance...Exceptional Opportunity: Own 4 Units (Currently 1 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 Three units 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!

Advertiser reference: 99477904 - Le Figaro Properties reference: 75975974

Its assets

Garage & parking

In detail

- Surface 155 m²
- Pièces NC^*
- Chambres 5
- Land 0 m²
- Construction 1934
- Parking 4
- Salles de bain NC^*
- Toilettes NC^*
- Exposition NC^*
- Chauffage NC^*
- Cuisine NC^*
- Taxe foncière NC^*
Energy Performance Certificate

Information not provided by the advertiser

*GreenHouse Gas emission

Information not provided by the advertiser
$ 1,150,000
Finance my mortgage

* Information not provided by the advertiser

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House Los Angeles (United-States)

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