Property · 2 recorded sales since 2012
Listing Agent: Nicholas Petrosian (DRE #01462598) · Listing Office: Remax Commercial and Investmen · Contact: 213-817-1000 · Bought with: Robert Kehiayan · Investment R/E Source · MLS #13695873 · Source: CRMLS
PRICE REDUCED! SELLER MOTIVATED! Any buyer or agents working with buyers who are interested in 100% SINGLE STORY CONSTRUCTION, along with a LARGE LOT needs to LOOK AT THIS DEAL! The unit mix consists of (4) Singles, each have their own large fenced-in concrete patio (very private feel). There is (6) 1-bed / 1-bath units (2 of them have their own private patios, and the remaining (4) have concrete patios, a new owner can easily fence them in to make them private and add value). Last, there are (2) 3-bed / 2-bath single family homes. The lot is large enough for all tenants to have their own private patios and backyards. All units are in good condition, as I have personally seen all of them (some have even been completely renovated). The Building is 100% OCCUPIED. At just over $130k/Unit, 10.30 GRM, and 6.40% cap rate, this property is priced to sell, in a city where some buildings are selling as high as $230K/Unit!!! CONTACT LISTING AGENT FOR MARKET SETUP AND FULL DETAILS.
Listing description from the January 2014 sale, as reported to CRMLS.