5 Units in East Los Angeles

Address: 719 S La Verne Ave
City: East Los Angeles, Los Angeles
State/county: California
Zip/Postal Code: 90022
Neighborhood: East Los Angeles
Country: United States

Description

9.17% Cash On Cash Return!
No Rent Control Asset
Cap Rate: 7.05%, GRM: 10.25
Fully Remodeled Interiors / Many New Upgrades:
- New Flooring, New Windows, Re-Modeled Kitchens, New Garage Doors, New Paint Inside & Out
Prime Rental Location Minutes to the San Gabriel Valley
Ideal Single Story Construction

We are pleased to exclusively offer for sale this well maintained 5 unit multi-family property in the highly desirable non rent controlled community of East Los Angeles. The subject property consists of 1 Three-bedroom & Two-bathroom detached Cottage, 2 Bachelor units, and 2 Studio units. The building has recently undergone many extensive interior and exterior upgrades which include; fully remodeled kitchens, new flooring throughout, and fully remodeled bathrooms. Exterior upgrades include new windows, new paint, and new garage doors. The detached cottage style unit pays for their own electricity and gas usage while the owner pays for the electricity and gas usage for the remaining four units. Tenants enjoy onsite and garage parking. The subject property is currently 100% occupied and offers a substantial 8.67% true cash-on-cash return with current rents.