$86,052 a YEAR: 12.29% GROSS RENT INCOME PROPERTY ALSO RENT INCREASE in APRIL 2025 will make total income $91.056 and seller will still take $700,000 That is a +13% GROSS income property Garage can be converted to 1 br or 2br unit, so still has upside. Low risk tenant, 3 VASH or SEC 8 Most rent paid by LA COUNTY HOUSING OFFICE. THERE IS LIKE VERY LITTLE RENTAL RISK ON THIS PROPERTY. High Cash Flow and Upside to add 1 more unit.
Lechavarria@onthegorealestate.com
