Eight Multifamily Investment In Los Angeles For Sale

Description

Four-unit multifamily property for sale in Los Angeles, California.

Asking price: $950,000.

Property

• Units: 4
• Net rentable area: approximately 3,698 sq ft
• Stories: 2
• Lot: approximately 0.16 acres
• Year built: 1955
• Renovation year: 1965 stated
• Zoning: LAR3
• Parking on site

Income and Occupancy

• Current occupancy: approximately 75%
• Section 8: currently used for part of the tenancy
• Current cap rate: approximately 5.38%
• Projected cap rate: more than 9% at stabilized occupancy

The 9%+ cap rate has not been reached yet.

Utilities

Tenants pay their own gas and electric bills.

Area

• City: Los Angeles
• Metro area: Los Angeles–Long Beach–Anaheim
• Metro population: approximately 12.9 million stated
• USC nearby
• Sports venues nearby
• Access to major transportation routes

Other Details

• Asking price: $950,000
• Exact rent roll: not provided
• Operating expenses: not provided
• Current NOI: not provided
• Exact address: not provided