Description
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!
Location
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"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 4th December, 2023 5:02 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 4th December, 2023 5:02 AM (UTC)
Listing Agent: Pat Swanson
Listing Office: Pat Swanson
