Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Address: 225 W Century
County: Los Angeles
City: Los Angeles
Neighborhood: 699 - Not Defined
Pool Features: None
Upside Opportunity in Los Angeles – Listed at a 4.7% Cap Rate with a Proforma Cap Rate of 7.8%.
Investors: This is a great opportunity to acquire an income-producing property with substantial upside. The exterior and interior are in healthy condition. Each unit has it's own separate gas and electric meters. This property contains 4 units at 2 Bedroom and 1 Bathroom each. Rents are scheduled to increase in October and all tenants are current in their rent and pay on time, every time. Each tenant has their own parking space in the back. This property is located along the highly trafficked corridors of Century Blvd and Broadway minutes from the 110 freeway. In one of the densest areas of Los Angeles. This property has substantial rent upside as most units are currently in section 8 and well under the market. Passive income potential and property appreciation opportunity as investors and developers continue to advance this area.