Description

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Incredible opportunity to purchase 4 units that have been completely remodeled over the past year. Great for an investor or owner-occupant, as all units have been left vacant so the Buyer can choose their own tenants and collect top of the market rent, which is appx. $11,000/month or $132,000 per year! 12.11 GRM and 6.4% CAP on very achievable market rents! 3 legal units plus 1 legal ADU = 4 units total. There is a front structure that has a 3Br+2Ba on the first floor, and a 2Br+1Ba+den on the 2nd floor. The back duplex has two 2Br+1Ba units that are the same size. All units have new engineered hardwood floors, brand new kitchens with stone countertops, beautiful stainless steel appliances including dishwashers and microwaves, and so much more. Bathrooms are brand new and the plumbing is 100% copper throughout. The front structure has a new roof, the driveway has newly poured concrete, and there are 8 total parking spaces - a huge plus! The 2 garages have potential to be converted to another ADU (Buyer to verify). The property is well located just south of Pico and near Vermont, close to Loyola High School in the Pico Union Neighborhood north of the 10 Freeway, and close tot he Convention Center, Crypto Arena, and USC. Also close to Koreatown, MacArthur Park, and Wilshire Blvd. Close to almost everything! 
Incredible income potential for an investor, or even better a family compound or student housing!

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PLEASE INQUIRE ABOUT FULL MARKETING PACKAGE

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Location

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The subject property sits between Pico and Venice Blvd in the neighborhood of Pico-Union it is flanked by Koreatown and Westlake. It is the fourth most dense neighborhood in Los Angeles. The Metro Purple, Expo, and Blue Line are all less than two miles from the subject property. Within the next decade, the Purple Line station will be expanded west to reach LACMA, Beverly Hills, and UCLA and is expected to open in phases between 2023-2027.