Updated and well maintained 3-unit property with strong rental income located in the South Park neighborhood of LA. This cash flowing property features spacious one bedroom units that were remodeled prior to current occupancy with in unit laundry. There is also a large storage shed on site for extra income. This is a great investor opportunity offered at a 13.0 GRM and 5.0 Cap Rate on current rents with an additional 19% upside. Only 1.5 miles from Exposition Park and USC with easy access to public transportation including the Metro Blue Line into downtown & south to the Ocean in Long Beach. Adjacent to the 110 (Harbor) Fwy & close proximity to local elementary, middle & high schools. Less than 3/10 of a mile to South Park Recreation Center featuring green space, outdoor pool, tennis & basketball courts, baseball field & playground.
Listing Agent: Jeffrey Isenberg 02059354 Courtesy of: Buckingham Investments, Inc "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 2nd October, 2022 6:09 PM (UTC)