Investment opportunity for Investors must see this rear property offer the market for the first time after 32 years of ownership. The well-maintained 9 units 2 stories apartment with low operation cost is situated in a center of convenience location near Fwy 405, 10, UCLA, shopping, coffee shops, restaurants, and close to Santa Monica Beach. This apartment has two gates to entrance in the front and back doors are very easy to access the room. The first floor consists of 4 units, and the second floor has 5 units with separate gas and power meters for each unit. The property is on an easy-to-access from street; each unit provides 2 car parking with private storage to keep personal belongings, and a community laundry room on the first floor. Also, this property has an extra bathroom and storage room for the owner to use when on duty.
The 9 units apartment consists of 2 units with 2 beds and 2 baths for each unit, 7 units have 1 bed and 1 bath for each unit. The total gross rental income per month is $ 17,443, gross rental income per year is $ 209316, and laundry income is $ 2,700 per year.
The monthly expenses including gas for the boiler and laundry are around $ 117. 00, Frontier Internet is $ 42.00, Trash is $ 296.00, and LADWP water is around $ 284.00, property tax yearly is $ yearly insurance is estimated at around $ 7600 more or less.