Welcome to an investment opportunity waiting to be seized! Located within one of Los Angeles's coveted Opportunity Zones, this property is well positioned for upward redevelopment with its landowner winning big. Centrally and conveniently located, this 4-plex has immediate access to the 10 Freeway and the METRO Purple Line while also being just a stone's throw to Koreatown's many cultural delights. The current owners have left no stone unturned in upgrading and maintaining this steady-income property. Upgrades include kitchens, bathrooms, new washer/dryers, and heating/cooling. While presently enjoying 100% occupancy and a 3.48% CAP Rate, pro forma leases potentially bring the CAP Rate to a skyrocketing 5%, even with a city reassessment. Each unit is independently metered and tenants currently pay for all expenses including water, gas, electricity, trash, and cable service. Truly an investors dream, don't wait! *Buyer is advised to independently verify all CAP Rates, investment calculations, and other associated information.
|APPLIANCES||Disposal, Gas Cooktop, Gas Oven, Microwave, Refrigerator|
|LOT||1742 sq ft|
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Based on information from California Regional Multiple Listing Service, Inc. as of 6/15/21 3:40 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2021.
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