Engel & Völkers
property image
$1,150,000
  • 5 Bedrooms
  • 4 Bathrooms
  • 372 m² Plot surface

Description

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!

engel & völkers shop image

Engel & Völkers

Your advisor: Edmar Costa

Property ID: AM-5047527

Property details

Property type

Other

Bedrooms

5

Bathrooms

4

Plot surface

372 m²

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    Your shop

    Engel & Völkers

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    Provider:

    Engel & Völkers Beverly Hills

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