Description
NEW UPDATE!!!!!! ONE UNIT TO BE DELIVERED VACANT !!! BRING YOUR FHA BUYER! A four-unit property that consists of two separate buildings on a 5,124 SF lot zoned LAC2 with direct alleyway access and five off-street parking spots at the back of the property. The front building consists of a two-level structure with three units in it. There are two 1-Bedroom/ 1-bathroom units on the top floor and a 2-bedroom unit on the bottom floor. The freestanding structure at the back of the lot features a 3-bedroom / 2-bathroom unit. The property will be delivered at a 4.68% current cap rate, and it present the opportunity to a savvy investor to benefit from the potential of up to 60% of rent upside. This asset is situated right off the I-110 Imperial Highway; a 5-minute walk to Figueroa Elementary School; and 2.1 miles away from the Evermont Project, a mixed-use development at the Northeast corner of Vermont and Manchester, that will provide 180 units of affordable housing, a transit plaza, a Metro-sponsored jobs training facility, and grocery anchored retail, alongside the state s first public boarding school SEED LA.
Location
Listing Agent: Alex Colombo 01927702 Courtesy of: Lyon Stahl Investment Real Est "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 13th August, 2022 9:37 PM (UTC)