Property · 2 recorded sales since 2015
Listing Agent: Justin McCardle (DRE #01895720) · Listing Office: Keller Williams Realty · Contact: (626) 204-3300 · Bought with: Michael Springer · KW Silicon Beach · MLS #P0-315008040 · Source: CRMLS
Mixed-Use Building Priced at 7.22% CAP with over a 10% Return! Property has ground floor retail with a restaurant and a market, top floor residential with 8 SRO units, 1 studio, and One 1 Bedroom unit. This deal has a low vacancy rate, upside in rents, great price per SF, and is one of the best CAP rates on the market today. This will be a great buy for the cash flow, cash-on-cash return investor!
Listing description from the December 2015 sale, as reported to CRMLS.