ResidentialIncome — 2114 W Florence Avenue, Los Angeles, CA
$699,990
2114 W Florence Avenue, Los Angeles, CA
About this property
This QUAD is great addition for any buyer/ investors who would like to have a positive cash flow from day way. ZONED FOR A MOTEL- BUYER TO VERIFY! The units are THREE studios and ONE - 1 bedroom 1 with all of them being updated/ remodeled except one with which has the longest staying tenant. All month to month tenants except one and 3 of them are due for a rent increase. BUYER TO VERIFY all information. Tenants are mix of section 8 and other government subsidies and one traditional tenant with all rents always being paid on time and super easy going tenants. The rents are $1750, $1600, and $950 for each studio and $1850. In addition, the 3 parking spots in the back are rented out to a separate entity at $400/ month with a 1 year lease agreement (8 months to go). A TOTAL OF $6500 monthly income or $78,300/ annual income (including the parking's income). You wont find a more secured and better investment than this!
Property details
Location
2114 W Florence Avenue • Los Angeles, CA 90047
Listed by
Mazdak Sarehkhani · Mazdak Sarehkhani