This property is located in an excellent location, walking distance to Target, transportation, restaurants and many more. Consists of eight units, seven units are 2 bedrooms and 1 bath, and the other unit is 1 bedroom and 1 bath. Individual gas meter and brand-new electrical circuit breaker for each unit. Building exterior was freshly painted last month. New 100-gallon water heater was installed in 2020. Easy commute to DTLA and surrounding areas, buyers and their representatives are responsible to do their own inspections and due diligence to verify and satisfy themselves with all city compliances, restrictions and guidelines of the property. Rents are currently below market, market rents are estimated to be $2,500 for 2 bedrooms and 1 bath, and $2,000 for 1 bedroom and 1 bath. The Gross schedule income, vacancy allowance and net operating income are based on estimation only, not actual numbers. Don’t miss this great investment opportunity! Do not disturb tenants, drive by only! Offer subject to inspection.
Lechavarria@onthegorealestate.com
