Description
Seller motivated, submit all offers. All leases are month to month and rents can be increased immediately. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, well maintained 3800 SQFT buildings on the 7864 SQFT lot, total four very spacious and bright units in the property. The front detached single house has 3 bedrooms 1.75 bathrooms with a private backyard ($1,740/month), the back two- story building has three 2 bedroom 1 bathroom units ($1,300/month, $1,350/month, Seller motivated, submit all offers. All leases are month to month and rents can be increased immediately. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, well maintained 3800 SQFT buildings on the 7864 SQFT lot, total four very spacious and bright units in the property. The front detached single house has 3 bedrooms 1.75 bathrooms with a private backyard ($1,740/month), the back two- story building has three 2 bedroom 1 bathroom units ($1,300/month, $1,350/month, and $1,200/month), each one has a private balcony and shared big front patios. 6 covered parking spaces plus extra tandem spaces, on-site laundry, separated electric and gas meters. All units have newer wooden floors, newer exterior paint, and very easy to manage. The rents are noticeably below market (seller did not increase the rents in the past couple years) so offer investors approx. 36% upside potential. Pro forma cap rate is 4.28%. Very close to Brightwood Elementary School, Sunnyslopes Park, and College; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd strip centers, which have groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Please do not disturb tenants, offer subject to interior inspection.
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9BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Seller motivated, submit all offers. All leases are month to month and rents can be increased immediately. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, well maintained 3800 SQFT buildings on the 7864 SQFT lot, total four very spacious and bright units in the property. The front detached single house has 3 bedrooms 1.75 bathrooms with a private backyard ($1,740/month), the back two- story building has three 2 bedroom 1 bathroom units ($1,300/month, $1,350/month, Seller motivated, submit all offers. All leases are month to month and rents can be increased immediately. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, well maintained 3800 SQFT buildings on the 7864 SQFT lot, total four very spacious and bright units in the property. The front detached single house has 3 bedrooms 1.75 bathrooms with a private backyard ($1,740/month), the back two- story building has three 2 bedroom 1 bathroom units ($1,300/month, $1,350/month, and $1,200/month), each one has a private balcony and shared big front patios. 6 covered parking spaces plus extra tandem spaces, on-site laundry, separated electric and gas meters. All units have newer wooden floors, newer exterior paint, and very easy to manage. The rents are noticeably below market (seller did not increase the rents in the past couple years) so offer investors approx. 36% upside potential. Pro forma cap rate is 4.28%. Very close to Brightwood Elementary School, Sunnyslopes Park, and College; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd strip centers, which have groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Please do not disturb tenants, offer subject to interior inspection.