Description

This is a great opportunity to invest in a residential income property that provides a steady and reliable return on investment. The property consists of a mix of 10 units in a two story building. The exterior of the property has recently been updated, allowing for easy maintenance, reduced utility costs and has good potential for appreciation because it is in a high demand rental area. Seller paid over $200k to have Seismic Retrofit work done on the property to meet Los Angeles City code, 3 years ago. The property is situated in a desirable neighborhood, close to public transportation, local amenities and minutes from Downtown LA via the 110 Freeway. Next door building, 8704 S. Central Ave., LA CA 90002 is also for sale.

Features

• 2 Stories
• Parking Spots: 4.00
• Carport Spaces: 4.00
• Asset Class: Multi-Family
• Cable Available
• Electricity Connected
• Natural Gas Connected
• Phone Available
• Sewer Connected
• Water Connected
• Security Feature: Carbon Monoxide Detector(s)
• Security Feature: Resident Manager
• Security Feature: Smoke Detector(s)
• Roof: Carbon Monoxide Detector(s)
• Roof: Resident Manager
• Roof: Smoke Detector(s)
• Heating: Wall Furnace