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Attention investors! Super clean building smoking hot 5.81% CAP or 12.43 GRM with a projected 8.9% market cap or 8.81 GRM. If you're looking for a cash cow in the heart of South Los Angeles, you've come to the right place! This prime 4-unit building is rare, with four 2-bedroom, 1-bathroom apartments on a 4,800 sq ft lot. The current owners took pride in ownership. Very clean and easy to understand. Two units were rented out under the Section 8 program. Let's talk about location, location, location! Your tenants are just steps away from landmarks and attractions like the Baldwin Hills Crenshaw Plaza shopping and dining, Watts Towers, Exposition Park, The Forum, Los Angeles Memorial Coliseum, and USC. Plus, they have a wide range of delicious cuisine, from mouth-watering Mexican to soul food and tasty Korean cuisine. Plenty of places to relax and unwind, with parks like Ted Watkins Memorial Park, Will Rogers Memorial Park, and South Park just a stone's throw away. Off-street tenant parking and easy access to all the fun and excitement South Los Angeles offers. This one won't last long.
1,610 Sq ft
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Attribution contact: 310-913-9477
Listing Agent: Kelsea Smith
Listing Office: The Shelhamer Real Estate Group