Major Price/Analysis correction! This corner lot two story, ten-unit apartment building is located on the corner of Pickford St./Vineyard Ave. across from the Pickford Market. This area is being quickly developed and is centrally located in Los Angeles! Located within walking distance of many restaurants, shops, public transit, the Queen Anne Recreation Center and the Nate Holden Performing Arts Center. Four of the ten units are vacant. There are three 1-bed/1-bath units vacant and one 3-bed/1-bath unit vacant. All vacancies have been vacant for over one year, remodeled and ready for your renters immediate move in!
Nice mix of 10 units, 1-3 bds, 1-2 ba. 5 remodeled w/4 rent-ready vacancies at market. 25% upside in existing rents. Laundry, new water heater w/hot water recirculating pump, copper plumbing, paint, Siemens Electric Panel. Separate Gas/Electric meters. Turnkey!
The GRM, Cap Rate and NOI are on a pro forma basis.