Detailed Introduction Of This Home
This 2-unit fully occupied investment property has beautiful architecture, charm, and curb appeal and is located on a safe street across from an elementary school. 5.25% cap rate on current rents at asking price, and a below market $290k per unit and $298 per RSF. Great combination of in-place cash flow, along with value-add / rental upside potential for a first-time investor. Great mix of a detached front 3 Bed/1 Bath house, and a 2 Bed/1 Bath unit in the back, and on-site parking for both units. Low operating expenses as both units pay for gas, electricity and trash, and each have their own in-unit water heaters. Located exactly 2 miles away from Exposition Park as tenants get to enjoy close proximity to BMO Stadium, LA Coliseum, the new $1B George Lucas Museum, California Science Center and Natural History Museum. Both units will be delivered occupied at closing -- no vacancies.