Residential Income - Los Angeles, CA

This listing is a 4-unit fully rented (4.7 cap rate) multifamily property situated in the gentrifying Boyle Heights neighborhood of Los Angeles. The subject property has been newly renovated and consists of a large three (3) bedroom house in the front and three (3) one-bedroom (1 Bd\/1 Bath) units in the back. Three of the four units were newly renovated in 2020 and have new tenants who have signed leases during Summer 2020 who are paying market rent. This exceptional investment property with upside has new electrical wiring inside the walls of all 4 units, new subpanels in each unit, and separate meters with 220 in the front house. Tenants pay for electricity, gas and trash. There are new drain lines and copper plumbing for all units and the front house. Located minutes from Downtown LA, the trendy Arts District, USC Medical Center, White Memorial Hospital, Cal State LA and popular retailers and restaurants with easy access to freeways and walking distance to public transportation.