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Description
Excellent investment opportunity to own a well maintained stable investment property with a C of O from 1979 so it is NOT SUBJECT TO CITY OF LOS ANGELES RENT CONTROL! There is significant upside in rental income as the tenants are well below market rents. All units are 100% occupied and are due for a rent increase within the year. Upgrades include new windows, new siding, paint, roof, and several units have had the interiors upgraded with stone counters in kitchen and bathrooms, new appliances, new kitchen and bathroom cabinets and flooring. There is an open parking area in back with a space for each unit and a laundry room onsite. Rent shown is PROFORMA based on the rent increase of 8% based on the current formula of 5% plus CPI.
Location
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Listing Agent: Stephen Lampe
Listing Office: Re/Max Commercial & Investment
Attribution contact: 310 802-2500
