Description
Long term owner looking to cash-out. All tenants paying and no covid delinquencies. This six unit building is just minutes from billions of dollars in new developments, including Hollywood Park, SoFi Stadium, Clippers Area, Hawthorne Mall, Amazon Ring and SpaceX. This is the ideal pickup for any investor looking for immediate cash-flow with room to grow income significantly. The property has an ideal unit mix of (4) 2-Bd/1-Bath and (2) 1-Bd/1-Bath units. With over 30% upside on rents and over half the building section 8 tenants, this property is a prime value-add asset primed for a savvy investor to turn into a cash-cow. Added bonus; this property has had a complete overhaul of it's electrical systems, windows, doors and insulation in 2013 for the FAA fly over program. Each unit has it's own HVAC system and once renovated will gather top of market rents.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Long term owner looking to cash-out. All tenants paying and no covid delinquencies. This six unit building is just minutes from billions of dollars in new developments, including Hollywood Park, SoFi Stadium, Clippers Area, Hawthorne Mall, Amazon Ring and SpaceX. This is the ideal pickup for any investor looking for immediate cash-flow with room to grow income significantly. The property has an ideal unit mix of (4) 2-Bd/1-Bath and (2) 1-Bd/1-Bath units. With over 30% upside on rents and over half the building section 8 tenants, this property is a prime value-add asset primed for a savvy investor to turn into a cash-cow. Added bonus; this property has had a complete overhaul of it's electrical systems, windows, doors and insulation in 2013 for the FAA fly over program. Each unit has it's own HVAC system and once renovated will gather top of market rents.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.