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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

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6 Units in Los Angeles

723 S Arizona Ave, East Los Angeles, CA 90022, USA
Sold for$980,000$163,333/Per Unit

Description

  • 7+% True Cash-on-Cash Return with Market Rents!
  • 6 Turn-Key Units in East Los Angeles (No Rent Control)
  • 4 (2-Bed/1-Bath) % 2 (1-Bed/1-Bath) Units
  • Many Recent Improvements:
    • New Roof
    • Updated Electrical
    • New Windows
    • New Interior & Exterior Paint
    • Updated Kitchens, Bathrooms & Flooring Throughout
    • New Appliances
    • New Ornamental Iron Work & Walk-Through Gate
  • Significant Upside in Rental Income
  • Separately Metered For Electricity & Gas
  • Pride of Ownership – Prime Rental Location

We are pleased to exclusively offer for sale this turn-key multi-family investment in the Non-Incorporated region (No Rent Control) of East Los Angeles. The subject property consists of 6 residential units spread amongst two separate structures. The subject property has been extremely well maintained by the current owner with recent improvements including new roof, new windows, new interior & exterior paint, upgraded electrical, renovated kitchens and bathrooms & flooring throughout. Currently offered at a 13.12 GRM and 5.02% CAP Rate (based on current rents), a new investor can take advantage of an already strong rental market capitalizing on market rents and significantly increasing the overall cash-on-cash return.

  • Address: 723 S Arizona 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 8, 2019 at 8:17 am

  • Price: Sold for $980,000
  • Property Size: 4744 SqFt
  • Land Area: 5886 SqFt
  • Year Built: 1924
  • Property Type: Multi Family
  • Property Status: Closed Listing, Sold

Additional details

  • # of Units: 6
  • Unit Mix: 4 (2+1), 2 (1+1)
  • Zoning: LCR3*
  • Cap Rate: 4.98
  • GRM: 12.96
  • We Represented: Seller/Buyer
  • Close of Escrow: 12/28/17

WalkScore

walkscore84 / 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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