810 W 48th St, Los Angeles, California 90037$549,000 (Sold At) $599,000
A well maintained and easy to manage income property that can be the cash cow of your portfolio. This fantastic 4-unit has a current CAP rate of 6.2% with full management in place, and a proforma CAP rate of 7.4%. It is rare to find a property ready to buy and begin earning those type of returns in Los Angeles. Less than two miles south of USC, the Coliseum, and Expo Light Rail there is wonderful long term upside as minimum wage in the city of L.A. is set to increase to $15/hr by 2020 (current city rate ranges from $10 to $10.50/hr). Additionally, there is R4 zoning which could allow a new apartment complex to be built consisting of 14-units per the generalized summary of zoning regulations produced by the city of Los Angeles. This one will not last long! Buyer to verify all information presented.
810 W 48th St, Los Angeles, California 90037
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