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14 Units in El Sereno

4136 Abner St, Los Angeles, CA 90032, USA
$2,565,000$183,214/Per Unit

Description

Property Description

Just Reduced Over $100,000! We are pleased to exclusively offer for sale this 14 unit multi-family investment property located in the city of El Sereno. With a superb unit mix, significant upside in rental income, and located in a primarily residential neighborhood, the subject property is poised for a new investor to reposition the asset and take advantage of continuously gentrifying community. The unit mix consists of 1(3bed+2bath), 8(2bed+1bath)s, 4(1bed+1baths)s, and 1 Studio unit. Tenants pay for their own electricity and gas usage while the owner pays for water and trash. Additionally, tenants enjoy onsite car-port parking, private courtyard setting, and an onsite washer and dryer facility. With a lucrative 30% upside in rental income, while located in a rent-controlled area, a new investor overtime can bring rents to market level and increase the cash-on-cash return to well over 7+%.

  • Strong Rental Location – Vacancy Rare
  • Desirable Unit Mix of 3-Bed, 2-Bed & 1-Bed Units
  • Tenants Enjoy Carport Parking & Laundry Facility
  • Upside in Rental Income – 6% Market Cash-on-Cash Return
  • Address: 4136 Abner St
  • City: El Sereno, Los Angeles
  • State/county: California
  • Zip/Postal Code: 90032
  • Neighborhood: El Sereno
  • Country: United States

Detail

Updated on January 22, 2019 at 5:12 pm

  • Price: $2,565,000
  • Property Size: 10500 SqFt
  • Land Area: 16740 SqFt
  • Year Built: 1961
  • Property Type: Multi Family
  • Property Status: Price Reduced

Additional details

  • # of Units: 14
  • Unit Mix: 1 (3+2), 8 (2+1), 4 (1+1), 1 Studio
  • Zoning: LARD2

WalkScore

walkscore42 / Car-Dependent more details here

Contact info

Frank Zamora
Frank Zamora
(909) 294-2610(951) 897-6686
Kristopher German
Kristopher German
(909) 294-2593(909) 645-0443
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