Description
Here is your opportunity to own a 6-unit apartment building in the El Sereno area of Los Angeles. This multi-family building has 18-doors 12-baths within 6-units that has over 6,800 sf of living space on a large dual address 7,644 sf lot. Each tenant enjoys 3 bedrooms, 1.75 baths, over 1136 sf of living space, 1 carport parking space and 2 onsite shared laundry rooms. All units currently have under market rents with current GRM 19.12 / 4.82% cap rate but has a potential market GRM 11.58 / 8.22% cap rate. Reasonably listed at $150,000 per door, you have ample room for future income growth. This property boasts 100% occupancy in a tenant dense area that is near USC, CSULA, Art Center, Pasadena, Alhambra and Downtown LA. Don't miss the opportunity to add this property to your RE portfolio.
Location
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