Contact listing agent for full marketing pakage. Prime West L.A. 8-unit building fully occupied and well maintained. Property is within walking distance to trendy Sawtelle Japantown and all the shops along Santa Monica Blvd. The Property features an excellent unit mix of two bedroom, one bedroom and studio units. Per the Seller, both horizontal and vertical water pipes have been re-piped with copper plumbing. The property is separately metered for gas and electricity minimizing the owners expenses. There is also a laundry room for the convenience of the residents and additional monthly income. With significant upside of approximately 48% in rents, a savvy investor will be able to increase the cash flow of the Property and add value to the asset by increasing the rents as the units turnover. Priced at only $356,250/unit, $485/S.F, 3.24% CAP and 18.38 x current low rents. Priced at 12.4 GRM and 5.78% CAP with rents at market.
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