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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

kris@theapartmentdealer.com

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5 Units in East Los Angeles

719 S La Verne Ave, East Los Angeles, CA 90022, USA
Sold for$750,000$150,000/Per Unit

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.

  • 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

Detail

Updated on April 17, 2018 at 2:02 pm

  • Price: Sold for $750,000
  • Property Size: 1984 SqFt
  • Land Area: 8164 SqFt
  • Year Built: 1925
  • Property Type: Multi Family
  • Property Status: Closed Listing, Sold

Additional details

  • # of Units: 5
  • Unit Mix: 1 (3+2 SFR), 4 Studios
  • Zoning: LCR3YY
  • Cap Rate: 6.90%
  • GRM: 10.59
  • We Represented: Seller
  • Close of Escrow: 11/28/17

WalkScore

walkscore88 / Very Walkable 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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