Description
Unique opportunity to buy a 4plex in the heart of West Adams with 2 units delivered vacant, and the other 2 remodeled and getting market rents. Perfect for an owner user to live in 1 and rent the other 3, or for an investor to remodel the 2 vacant units, rent at market, and cash flow with 4 units at market rate. All 4 units are 2 Bed/1 Bath and identical size/layout with 4 garages in the back -- 3 of which are vacant and can provide future income for the next owner. In place cap rate of 5.70% when the 2 vacant units are rented at market, and a 6.05% cap rate if garages are leased & rented. Located just 1 block away from the Expo / Crenshaw Station and LAX K-Line for tenants to have easy transportation access throughout the city. Low operating costs as the property is separately metered for gas & electricity, and tenants pay for trash.
Location
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Listing Agent: Jonathan Rawson
Listing Office: Avenue Realty Group
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