Wonderful Income Property in Mid Los Angeles area. All units are now 100% occupied starting June 2017! All rents have been raised to current market value and now has a Cap Rate of 5.5% and GRM at 13.9! This Craftsman Duplex is in a quiet rental area of Los Angeles. Currently utilized and producing income as a three unit. Rear Building was built with Permits in 2001 and is a 2 bedroom 2 bath collecting $1900 monthly. The Front unit is currently configured as separate units with separate entry stairway in rear to a 3 bedroom 2 bath upstairs. Another 3 bedrooms 2 bath is downstairs with an entrance from the front. One of the three bedrooms is renting at $2,400 and the other 3 bed unit is renting for $2,300. Ample parking space for all tenants in the huge Backyard and in front as well. Centrally located to DTLA, Koreatown, Miracle Mile.
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Data Provided by:
California Regional Multiple Listing Service