Description
$400,0000 PRICE REDUCTION!!! Terrific opportunity to acquire a 14 unit Multi Family investment deal adjacent to Hancock Park. This corner lot, gated property has a great Unit Mix with 4 (2 +2) 1 (2+1) and 9 (1+1) with many units having private porches. An additional $1,100 in income in February 2024 with 7% increases. Both a 1 bedroom and 2 bedroom can be delivered vacant at closing. The property has been professionally managed and is separately metered for Gas and Electric. The soft story retrofit work has been completed. Property is located near many newer developments, near shopping, hotels, entertainment, restaurants and a block away from local transportation. Aprox another 40% upside in this deal. Buyers to cooperate with Sellers 1031 Tax Exchange
Location
"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 21st September, 2023 5:58 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 21st September, 2023 5:58 PM (UTC)
Listing Agent: Joshua Tomaszewski
Listing Office: JRM Properties
