5-UNIT VALUE-ADD OPPORTUNITY IN ATWATER VILLAGE!
This charming well-kept 5-unit building is located on a beautiful tree-lined cul-de-sac street. This darling property consists of 2 structures - 4-plex in the front with one 2+1 and three 1+1 units and a free standing detached 2+1 unit with small private yard in the back. There are 5 gated parking spots in the back of the property. All units are separately metered for gas and electricity. It provides huge upside potential in rents and low maintenance. It's located close to public transportation, trendy restaurants, shopping and parks. Easy freeway access. All units are tenant occupied and will be delivered tenant occupied. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.
HIGHLIGHTS:
• Highly Desirable Rental Area
• Building Size: 3,260sqf
• Lot Size: 10,612sqf Zoned LAR1
• Year Built: 1954
• Well Maintained
• Two 2+1 Units Have Laundry Inside
• Copper Plumbing
• Separately Metered For Gas & Electricity
• Gated 5-Car Parking
• Huge Rental Upside
• Prime Location Near Glendale, Los Feliz, Silver Lake & Burbank
• Close To Shops, Restaurants & Public Transportation
• Easy Freeway Access
INCOME
• Gross Monthly Income: $5,790/Month
• Proforma Gross Monthly Income: $10,200/Month
RENT ROLL:
• Unit #A: 1+1 – $812
• Unit #B: 1+1 – $841
• Unit #C: 1+1 – $877
• Unit #D: 2+1 – $1,560
• Unit #E: 2+1 – $1,700
TOTAL – $5,790
EXPENSES:
• Water: $200/Month
• Insurance: $200/Month
• Gardener: $120/Month
• Property Taxes: $1,469/Month (At Current List Price)
