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8994 Mcnerney Avenue
USD 1,195,000
Property ID: 23311053
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8994 Mcnerney Avenue ,90280
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icon 3903 SqFt
icon Built in 1948
icon USD 306/SqFt
icon 4 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
4
Bathrooms
0
Interior Size
2065
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1948
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Detailed Introduction Of This Home
Incredible Non-Rent Control 4-unit Investment or Owner-User opportunity cash flowing at an amazing 5.6% Cap Rate and 12.6 GRM from Day 1! All 4 units have been completely stripped down to the studs, renovated with permits, and include brand new roofs, electrical systems, copper plumbing, windows, cabinets, flooring, lighting fixtures, bathrooms, and kitchens. Plus washer/dryer hookups in all units, new water heaters as well as HVAC systems. Additional Upside to 6.2% Cap Rate and 11.9 GRM on proforma. Non-Rent Control area allowing for 8.8% annual increases (5% + CPI). The property is located in South Gate which is an excellent up-and-coming area close to schools, restaurants, shopping centers, and entertainment options - just blocks from Azalea Shopping Center which hosts Walmart, Starbucks AltaIn-N-Out Fridays Wingstop, and more. It's great to have access to the 710, and 105 freeways which will take you easily to Downtown LA or the beach!
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (23)
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8994 Mcnerney Avenue
USD 1,195,000 4 Beds
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