Description

**DO NOT WALK ON THE PROPERTY - PLEASE DO NOT DISTURB TENANTS - CALL AGENT** We are pleased to present 1016 South Vancouver Avenue, an 8 unit apartment building consisting of easy-to-rent spacious 1 Bed + 1 Bath + Den unit mix. This property is situated in an excellent East Los Angeles area with desirable single-story units on a large 10,068 square foot lot zoned LCR4YY. A new investor would appreciate the strong current income yielding a 5.00% cap rate at a 13.27 gross rent multiplier. Total rentable square footage of the building is approximately 5,258 sq.ft. There are 6 garages which may have the possibility of an ADU conversion. Although the tenants enjoy the convenience of being located near many shops and restaurants off of Whittier Boulevard's retail corridor, they are also within a short drive to the 5, 60, and 710 freeways. Please note this property is located in the Unincorporated County of Los Angeles where a rent control ordinance 'rent freeze' is in effect. Please note: Buyer to assume current CHASE Loan (with an approximate balance of $920,000) at a 3.42% interest rate fixed until 10/01/2026. Contact listing agent for more details.

Features

• 0.23 Acres
• 1 Story