FIRST TIME ON MARKET SINCE INITIAL CONSTRUCTION! We are pleased to exclusively offer for sale this 8 Unit multi-family investment property in the gentrifying Boyle Heights area of the city of Los Angeles. The subject property is comprised of 1(2Bed/1Bath) unit which currently the on-site manager resides in, and an additional 8(1bed/1bath) units. Tenants enjoy on-site garage as well as gated open space parking. The property is separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility and exceptional access to public transportation, restaurants and retail. Located Minutes from USC Medical center and along the 10 freeway which serves as the major gateway to Downtown Los Angeles, this property is poised for a new investor to take advantage of prevailing market rents and drastically increase the overall cash-flow. With prevailing market rents in place, the subject property would offer a 9+% return on investment. One unit will be delivered vacant at the close of escrow. One additional unit is occupied by an onsite manager although no onsite manager is required for a property of this size. The property offers great curb appeal and has been well maintained by the current owner whose family initially built the property.
Updated on April 5, 2019 at 4:35 pm