Description
This non-LA rent controlled, fully remodeled turnkey property consists of 9 units including one newly constructed ADU and will be delivered fully leased at market rents. This gives the property an unbelievable 13.50 GRM and 5.42% cap rate with current rents! Here are some highlights: *All units not under LA city rent control (subject to AB 1482 - buyer to confirm). *Great unit mix of six 2BR units, two 3BR units, and one 1BR brand new stand alone unit. *All units fully remodeled with new floors, appliances, and washer/dryer in unit. *Property has plenty of parking for residents or space for future development. *Adjacent to USC (10 mins). SoFi stadium (15 mins) as well as Exposition Park (home of LA Memorial Coliseum, Banc of California Stadium and the Museum of Natural History). *Easy access by the 10, 110 Freeways as well as the silver line and "coming-soon" Metro Crenshaw/LAX Line. Perfect for the discerning investor in a 1031 exchange, or looking for an easy, turnkey non-LA rent controlled investment.
Location
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"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 29th March, 2023 4:16 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 29th March, 2023 4:16 PM (UTC)
Listing Agent: Will Tiao
Listing Office: The Collective Realty
