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$ 2,945,000
Est. payment | /mo
3 Beds
3 Baths
0.39 Acres Lot
$ 2,945,000
Est. payment | /mo
3 Beds
3 Baths
0.39 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26203300
Bedrooms 3
Lot Size 0.391 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Cash Flow - 7.65% Actual CAP Rate, with a projected 8.0%+/- Year 1 CAP Rate.! This investment offers an exceptional combination of strong in-place cash flow and future upside. Priced at just $196,333 per unit, the property presents an attractive basis, while also being located within an Opportunity Zone offering potential capital gains tax advantages. The asset consists of two separate parcels and is ideal opportunity for a 1031 exchange buyer. Additional features include ample parking consisting of six garages, six open parking spaces, a 2-car tandem driveway. Because this is a 15-unit complex, there also is no requirement for an on-site manager!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Drive E on Florence Ave, Right turn on Middleton
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6321023020
Listed by Pat Swanson, DRE#01382974 Pat Swanson
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