Description
We are pleased to offer for sale this twenty-four (24) unit multifamily investment opportunity located just blocks away from the USC campus & University Village. This three-story building was constructed of wood frame and stucco on a raised foundation built in 1928 with a square footage of 15,200 on a 6,811-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of eighteen (18) studios & six (6) 1-bedroom + 1-bathroom units. 75% of the property has been fully updated/ remodeled featuring spacious floor plans, quartz countertops, stainless steel appliances, and individually metered for gas & electricity. The property cash flows at approximately $33,118/month. 5.71% Cap Rate | 12.6x Gross Rent Multiplier (GRM).
Location
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Listing Agent: Davis Saadian
Listing Office: AKGRE Inc
Attribution contact: 424-249-7162 | 424-249-7162
