5414 Denker Avenue, Los Angeles, CA 90062

About this property

Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. **2 bedroom can be delivered vacant**

Listing description from the July 2021 sale, as reported to CRMLS.

Sale history

$930,000

Sold July 2021 · listed $920,000, orig. $950,000, on market February 2021 · MLS #21728418 · Source: CRMLS

Listing Agent: William Creed · Listing Office: Clement Partners Real Estate · Contact: 310-822-7262 · Bought with: Charles McMillan · Charles McMillan

$515,000

Sold June 2015 · listed $500,000, on market February 2015 · MLS #15882601 · Source: CRMLS

Listing Agent: Charles McMillan · Listing Office: Exit Real Estate Group · Contact: 877-464-5404 · Bought with: Charles McMillan · Exit Real Estate Group

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