5.18% CAP RATE with super low expenses ! Fully renovated 4 unit in heart location in Mind wilshier, Los Angeles ! Newer double pain windows, newer sewer line , all units comes with 2 bed 1 full bath room , fully remodeled kitchen , flooring, mini split units for Ac and heating, upgraded electrical panel for all 4 units, 4 saparate gas meters, each units come with the own laundry (owner owns washer and dryers) , pleanty of parking spots. 1 units just vacated, 1 unit moving out Oct, 2024, 1 unit contract expires 12/31/24 , last units in on month to month.
Each unit can be rented at $3,250 - $3,350
Upstairs unit has a balcony , downstair unit has 2 separate access (Facing to street and from the back parking lot)
Super low Expense :
Insurance $3, 216 (per yr) + Trash $3,180 ($265 per month) + water $2,600 ($445 every 2 month) + Gardening $1,560 ( $130 per month) + no management cost =
$10,556 per yr
Property Tax $23,183.56
Total Expense : $33,739.56 (Approx 22% of GSI)
GSI : $12,700 Rent per month $152,400
NOI : $118,660.44
Please request your OM today and check video link ->> https://vimeo.com/1000595132
Additional Features
- 0-1 Unit/Acre
- Parking spaces: 0.00
- Listing Status: Active
- Listing Agent: Tae Woo Kim
(lic# 02024609)
of Pacific West
- Listing Office: Circa Properties, Inc.
(lic# 02182130)
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Based on information from CRISNet MLS as of 10th December 2024 at 9:25am. 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.
