Property listed by New Star Realty & Investment, Jun Chang 310-997-5152
$2,200,000
Excellent investment opportunity in the highly desirable Harbor City area of Los Angeles. All 8 unit is fully occupied with reliable long-term tenant. This is a well-maintained multi-family property that features two separate four-unit buildings with approximately 7,408 sq ft of interior living space situated on a lot over 15,500… Read More sq ft in size. Each of the eight units offers 2 bedrooms and 1 bathroom with over 900 sq ft of living space. The property includes detached garage parking for each unit, with storage shelves, and community laundry facilities that offer investors additional income. Recent improvements include exterior painting, new roof, and new upgraded electrical panel and new plumbing. Many units feature updated kitchens and bathrooms along with flooring. Utilities are individually metered for gas and electricity. The property benefits from stable and reliable tenants on month-to-month leases, offering flexibility for future rent adjustments. Good chance to own fully occupied 8-unit income property.
MONTHLY ACTUAL INCOME - $14,713 (All 8 units fully occupied),
PROJECTED MONTHLY INCOME: $16,800, Extra Laundry income: $200
Conveniently located with easy access to major freeways, and close to schools, shopping, and healthcare facilities including Kaiser Permanente South Bay Medical Center. A rare opportunity to acquire a stable, low maintenance, income-producing asset in a strong rental market. This is a trust sale. Property sold As-is. Reach out to the listing agent to verify details and receive further information. Read Less
Listing Snapshot
Days Online
206
Last Updated
Property Type
Apartment
Lot Size
0.36 Acres
Year Built
1955
MLS Number
SB26050581
Additional Details
Building
Built in 1955, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, Standard, 8 separate electric meters, 8 separate gas meters, 2 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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