Property Detail

Description

The subject property is a ten-unit apartment complex located in South Los Angeles. The structures were built in 1924 and contain 4,620 square feet. The site has 7,876 square feet of land and is zoned LAC2. The unit mix is 8 one-bedroom apartments and 2 singles. Currently, the units are producing $8,681 per month and $104,176 annually. At list, the GRM is 9.59 (with low in-place rents) and the Cost Per Unit is just $100,000. This is an excellent add-value opportunity for any investor