This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is… Read More outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry. Two of the units are rented close to market and the other Three are under market, which means there is also upside value in the rents. Read Less
Property listed by INFINITY INVESTMENTS, STEVEN PETERSON 310-259-7556
Listing Snapshot
Days Online
2738
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1964
MLS Number
40845547
Additional Details
Building
Built in 1964, Construction Materials: Stucco
Cooling
None
Heating
WallFurnace
Income
Gross ScheduledIncome: $97,920, Net Operating Income: $58,866
Lot
0.16 acres, SlopedDown
Taxes
Parcel Number: 2129032, Annual Amount: $17,316
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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