MarketPier

616 S FORD - Los Angeles, CA 90022

$650,000
Listing Description

**DO NOT DISTURB TENANTS** Fully occupied with great long term tenants and a value add opportunity. This is a wonderful cash flowing property to add to your portfolio with upside. Very easy to manage with very low maintenance. Water heaters/lines are new or newer, roof approx 17 years old, some electrical & one electrical panel replaced. Buyer (s) to do there due diligence on rent control/rent stabilization in the area.

Listing Information
MLS Number
19476954
APN/Parcel ID
5247011003
Type
Multifamily
Sub Type
Multifamily
Building Size
2,162 sqft
Lot Size
6,531 sqft
Price / SQFT
$301
No Units
4
Price / Unit
$162,500
Gross Income
$55,500
Total Expenses
$18,804
Net Income
$36,696
Rent Multiplier
11.7
Cap Rate
5.65%
Listing Date
6/11/2019
Days Active
12
Last Updated
6/24/2019
Listing Provided By
Sebastian Wolski
Compass
BRE# 01947480

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