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$1,895,000
Est. payment /mo
6 Beds
8,847 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25264097
Bedrooms 6
Lot Size 8,847 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present this well-maintained 10-unit asset delivering exceptionally high day-one cash flow, with an over 9% CAP rate and an ultra-low 7.14 GRMa true turnkey, low-touch investment. The property is fully occupied, providing immediate income with no lease-up risk. Many units are updated, all are separately metered with individual water heaters, and RUBS can be easily implemented to further boost returns. Built in 1958, the building offers 6,336 sq. ft. of rentable space on an oversized 8,847 sq. ft. lot, with an ideal mix of four (2BR/1BA) and six (1BR/1BA) units. Recent upgrades include a new roof (May 2025), fresh exterior paint, and a clean SCEP inspection guaranteeing no reinspection for years. Ten on-site parking spaces enhance tenant appeal. Located in a high-demand Los Angeles corridor with excellent freeway and transit access, this property offers strong in-place income, minimal expenses, and stable operationsa rare chance to acquire a high-cash-flow, turnkey asset in a prime rental market.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Imperial Hwy & S Hoover St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6088002005
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Listed by Matias Stofenmacher Edgestone Real Estate, Inc.
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