Luis Gonzalez
This listing was posted on RealtyWW.
$2,000,000
Home For Sale In Los Angeles, California
Price:
$2,000,000
BR/BA:
10+ BR, 8 BA
Location:
10950 S Figueroa St, Los Angeles, CA
Description:
This 4 unit multi-family building built in 2009 already earning great income that starts with 6% cap rate. The money goes into your bank account at $14, 400 per month / annual income at: $172, 800 Gross /$141, 275 Net (after annual taxes, insurance and every expense the seller pays that is actual Net). The rental income, you do not have to chase the tenants for all the money. The government, via section 8, will send the majority monthly rents on time every month to the bank account of your choice. This means no chasing money or tenants. The Actual Cap rate is 6% Net, after taxes and all expenses the seller pays. Increase the rents $1900 per month to improve the cap Rate to a 7.25%. Additionaly, There is room to add 2 ADU's of which, each unit will rent for going rents of $2, 000 per month. This will increase the annual Gross income to $220, 000/Net $189, 000 after expenses to improve your Cap Rate to 9.40%. With a little work, earn a Cap Rate of 9.40% net annual income of $189, 000. The tenants pay for water, gas, electrical and trash. Each unit has separate Water, Electric and Gas Meters. The property consist of 2 separate buildings, side by side, in one gated complex in excellent condition, built in 2009. Each of the 4 units feature 4 bedrooms, 2 bathrooms that include a bath tube and a shower. Tenants will enjoy a laundry room with washer and dryer hook-ups inside each unit. This 4 unit property that comprises of 2 duplexes on one lot, 2 separate parcels, each in excellent condition overall inside all the units and very attractive exterior of the buildings outside with a surrounding security gate and a grassed area for recreation. The tenants will enjoy large kitchens with all the kitchen emenites, such as granite countertops, dishwashers, garbage, disposal, tile floor and lots of wood cabinets, double pan windows throughout each unit. The bedrooms are larger than normal rentals, with newer carpets and with large closets, this helps the tenants enjoy a superb at home family lifestyle. Tenants love that units are close to LAX USC , LA Downtown, 110 and 105 FWY and public transit.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69159414
Property Type:
Single-Family Houses
Amenities:
Dishwasher, Garbage Disposal, Gated, Washer Dryer
Posted:
March 8 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a 10+ BR Eight Bath Single-Family Homes for Sale at 10950 S Figueroa St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 10950 S Figueroa St by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a 10+ BR Eight Bath Single-Family Homes for Sale at 10950 S Figueroa St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 10950 S Figueroa St by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Los Angeles CA.