Description
Updated and well maintained 3-unit property with strong rental income located in the South Park neighborhood of LA. This cash flowing property features spacious one bedroom units that were remodeled prior to current occupancy with in unit laundry. There is also a large storage shed on site for extra income. This is a great investor opportunity offered at a 13.0 GRM and 5.0 Cap Rate on current rents with an additional 19% upside.
Only 1.5 miles from Exposition Park and USC with easy access to public transportation including the Metro Blue Line into downtown & south to the Ocean in Long Beach. Adjacent to the 110 (Harbor) Fwy & close proximity to local elementary, middle & high schools. Less than 3/10 of a mile to South Park Recreation Center featuring green space, outdoor pool, tennis & basketball courts, baseball field & playground.
Location
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Listing Agent: Jeffrey Isenberg Courtesy of: Buckingham Investments, Inc The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 31st January, 2023 3:25 AM (UTC)
