Mid Cities Four-Plex Cash Cow - Sacker Lovell

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Mid Cities Four-Plex Cash Cow

810 W 48th St, Los Angeles, California 90037

$549,000 (Sold At) $599,000
Mid Cities Four-Plex Cash Cow

Property Details

Beds6 Baths4 Garage2 Lot Size5,851 sq. ft
Year1907 MLS #SB17019803MR Bldg Size2,535 sq. ft

Property Description

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.

Property Type Income

Property Status:

Property Features

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Location

810 W 48th St, Los Angeles, California 90037

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