Just Listed | 4 Units | 7.78% CAP | Near Inglewood

Listing Details: $1,225,000

CAP Rate: 7.78%

GRM: 9.47

Price/Unit: $306,250

Price/SF: $328.77

Year Built: 1966

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Investment Highlights

Fresh Opportunity on the Market

Appearing for the ?rst time in seven years, this property presents a fresh opportunity for investors and buyers seeking a rare investment.

Move-In Ready Units

Two of the four units are vacant and have been recently renovated.

High Cash Flow Potential

With 50% of units available for market-rate rental upon acquisition, investors can capitalize on high cash ?ow without the complexities of below-market tenants. This advantageous positioning is crucial given the stringent rent control regulations in Los Angeles and potential changes in tenant protection laws. At the projected going rate for Section 8 of $3,000 for two-bedroom units, buyers can expect a stabilized cap rate of just under 8% with upside, affording the opportunity for positive leverage in a challenging interest rate environment.

Modern Amenities for Contemporary Living

Equipped with modern conveniences including a remote-controlled security gate, ample on-site parking, and a convenient laundry facility, this property caters to the needs of modern living. Each unit boasts spacious layouts for enhanced comfort and functionality.

Spacious Living Spaces

Generously proportioned at approximately 925 square feet on average, these units offer ample room with in-unit heating and abundant natural light, providing a welcoming and comfortable living environment.