Apartment Building, Pacific West Region

Property Description

This property is 81 street between Vermont and Manchester, off the 110 Freeway.

Great property to buy, upgrade and sell later. Since this building is larger than the average building and this buildings living space is almost twice the average living space in the area, it is a good candidate for conversation, at a attraction price say 100K-200K. The current cap rate is 6.98%

10 unit investment priced at $77 per unit. Ideal for any investor seeking strong cash flow. And an opportunity to add value since rents have not been realized. It have 6 singles and 4 one bedroom units. Suggest buyer investigate. Expenses are low and are separately metered. Parking for 6 cars behind building. Building priced to sell,

Location:
A unique opportunity to capitalize on recent construction and renovations in the So L A area. Area is poised for big jump due to these trends that indicate future appreciation.

10 Units
100% Occupied
4,160 bldg size
9,278 lot size
Selling Price $775,000, seller motivated
built 1927

MARKET ANALYSIS

Median Units 8
Average Unit mix2bd/2ba
Average Building size 2400 SF
Average lot size6,011SF
Median selling price450,000 to $890,000
Median Value635,000
Median age52 Years

Images

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