www.121Lincoln.com; 11-unit apartment complex offering excellent current income and solid long-term upside. The units mix offers three 2bd/2bth units, five 1bd/1bth units, and three studio units. The property was originally built in 1938, offers approximately 4,548 square feet of rental space, and sits on an oversized 24,292 square foot lot… Read More with ample room for parking and possible future development. Many of the units have been remodeled and offer updated kitchens and bathrooms, wood floors, new cabinets, new tile, new lighting, and fresh paint. The building is easy to manage, with very little maintenance, providing low annual operating expenses. Currently, the property is almost 100% occupied with stable tenants with rents approximately 25% below market providing predictable income and a profitable investment. This is a perfect opportunity for an investor to acquire a turn-key property in a rapidly improving neighborhood with excellent long-term potential. Read Less
Property listed by The Pinza Group, Inc, David Howarth 310-259-7556
Listing Snapshot
Days Online
21
Last Updated
Lot Size
0.56 Acres
Year Built
1938
MLS Number
41126020
Additional Details
Building
Built in 1938, Construction Materials: SeeRemarks
Cooling
SeeRemarks
Heating
SeeRemarks
Home Owner's Association
Association Fee: $0
Lot
0.5577 acres
Parking
11 total parking spaces
Taxes
Parcel Number: 0062061210
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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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