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Engel & Völkers

3107777510

AM-5047527 – This is the Engel & Völkers property ID, your agent might ask for it.

Edmar Costa

Engel & Völkers Beverly Hills

Engel & Völkers ID : AM-5047527
Florence, Los Angeles, California, United States
Price
$1,075,000

Bedrooms5
Plot surface372 m²

Amenities and special features of this property

Exceptional Opportunity: Own 4 Units (Fully Vacant) in Los Angeles! This fully vacant 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. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!

Bedrooms

5

Plot surface

372 m²

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engel & völkers shop image
Engel & Völkers

340-B North Camden Drive, 90210, Beverly Hills

3107777510

Engel & Völkers

340-B North Camden Drive, Beverly Hills, 90210

AM-5047527 – This is the Engel & Völkers property ID.
Edmar Costa
Engel & Völkers Beverly Hills