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5 Units in El Sereno

3193 Budau Ave, Los Angeles, CA 90032, USA
$815,000$163,000/Per Unit

Description

Property Description

  • 7.5+% Market Cash-on-Cash Return!
  • JUST REDUCED: 5 Units – El Sereno
  • $815,000 (Only $163,000 Per Unit)
  • Desirable Rental Community – Alhambra Adjacent
  • Ideal Detached Single Story Cottages
  • Tenants Enjoy Onsite Parking
  • Separately Metered for Electricity and Gas

We are pleased to exclusively offer for sale this 5 unit multi-family investment in the city of El Sereno. The subject property consists of 5 single story detached cottage style units, the most desirable construction style when it comes to multi-family. Each unit is separately metered for electricity and gas while the current owner pays for water and trash. Located on a primarily residential street, and less than 1/2 block from an elementary school, tenants enjoy the location. While the property is located in a rent-controlled community, with the right management in place a new investor can take advantage of a significant 55% upside in rental income. With market rents in place this investment would yield a 12+% cash-on-cash return…rare to find in LA city.

  • Address: 3193 Budau Ave
  • City: El Sereno, Los Angeles
  • State/county: California
  • Zip/Postal Code: 90032
  • Neighborhood: El Sereno
  • Country: United States

Detail

Updated on November 15, 2018 at 4:54 pm

  • Price: $815,000
  • Property Size: 2880 SqFt
  • Land Area: 8638 SqFt
  • Year Built: 1927
  • Property Type: Multi Family
  • Property Status: Just Listed

Additional details

  • # of Units: 5
  • Unit Mix: 5 (1+1 SFR)
  • Zoning: LARD3

WalkScore

walkscore46 / 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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