Offered at just $261/Ft., with a 6.78% CAP rate to be in place by the closing, this is perfect for a cash flow investor, or a first time owner. The seven-unit property consists of (1) 3 Bedroom / 1 Bath Single-Family Home in the front, with (2) 2BD/1BA, and (4) 1BD/1BA units in the rear. This property is in unincorporated LA County, allowing for a 3% rent increase. With this in mind, the current owner has rent increases notices in place that will take effect by the time a new Buyer would close. Attentionally, the pro-forma rents would allow for an 8.79% Pro-Forma CAP rate!
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