The subject property is a 7-unit apartment complex located in the South Los Angeles submarket. It consists of four 3-bedroom - 1 bath units, two 2-bedroom 1 bath units and one 1 bedroom 1 bath unit. The complex was renovated in 2020, with new plumbing, electrical, roof, kitchens and bathrooms. The building is capable of producing over $19,000 when fully occupied. There are currently 3 vacancies, which can be rented out to Section 8 tenants for maximum value. There are plans and permits for an ADU which the Buyer can utilize to complete the project. At 7.8 GRM and 8.2% CAP, this is an excellent investment that will produce over 10% cash on cash return. Shown with accepted offer only. Please do not walk on property or disturb tenants.
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