EXCELLENT VALUE-ADD INVESTMENT OPPORTUNITY!
This spacious well kept 4-plex is located on beautiful tree lined street in darling Arlington Heights neighborhood of Mid City Los Angeles. It consists of 4 large 2 bedroom and 1.5 bathrooms townhome style units. Front unit will be delivered VACANT. The units are separately metered for gas and electricity. Each unit has its own water heater and laundry hook ups. There are 4 onsite parking spots in the back of the property. It provides huge 30% upside potential in rents and low maintenance. It is centrally located in Mid City Los Angeles near Koreatown, Downtown Los Angeles and West Adams. It is near public transportation, metro lines, schools, libraries, hospitals, shopping & entertainment. Easy freeway access. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.
Highlights:
• Highly Desirable Rental Area
• Building Size: 3,484 SF
• Lot Size: 6,249 SF
• Year Built: 1962
• Number Of Units: Four 2+1.5 Townhouse Style Units
• 1 Unit VACANT (Projected Rent $2,500/Month)
• 4-Car Onsite Parking
• Rents 30% Below Market - Great Rental Upside
• Separately Metered For Gas & Electricity
• Each Unit Has Its Own Washer/Dryer Hookups
• Near Koreatown, Downtown LA & USC
• Close To Shops, Restaurants & Public Transportation
Income:
Gross Monthly Income: $7,002/Month
Proforma Gross Monthly Income: $10,000
Rent Roll:
Unit #1: 2+1.5 – $2,500 (VACANT)
Unit #2: 2+1.5 – $1,370
Unit #3: 2+1.5 – $1,804
Unit #4: 2+1.5 – $1,328
Total – $7,002
Expenses:
Water: $250/Month
Insurance: $150/Month
Property Taxes: $1,458/Month (At Current List Price)
