Residential Income - Los Angeles, CA

Excellent Investment Opportunity with Great Central Location. No problem renting. 27 units- 6 large one plus ones and 21 good size singles for $3,850,000 with 11.1 GRM and 4.7% cap. Manager has kept 4 unit vacant for showing during COVID. Low price per door. Adjacent Downtown Los Angeles and within 2 miles of USC- 3 story walkup center corridor, newly painted, professionally managed. Low rents, great upside- Good paying tenants who care about the building. New LED installation and waterproofing in attic. Qualifies for free tankless water heater program through So Cal Gas and DWP. Located in a transitioning neighborhood with busy ongoing neighboring businesses on a wide street. Well configured with street parking. Showings only on approved offer. Drive by Only. Please do not disturb tenants.