Description
A well located 6-unit, two-story apartment building located in the desirable community of Valley Glen. It is 100% occupied with low rents which presents upward income potential. This apartment building sits on a quiet residential street and is near transportation and great shopping. The building has a three-year new roof and a two-year new central water heater. The property includes six parking spaces and a separate on-site laundry room. There is additional monthly income from a garage rental and a laundry facility. There are no Section 8 tenants in the building. Additionally, the seismic retrot work has just been completed and, through the Seismic Cost Recovery Program, a buyer can look forward to receiving approximately $54 per tenant, per month which equates to approximately $38,880 over 10 years.
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13BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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5,043SQFT
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$293$/SQFT
School Ratings & Info
Description
A well located 6-unit, two-story apartment building located in the desirable community of Valley Glen. It is 100% occupied with low rents which presents upward income potential. This apartment building sits on a quiet residential street and is near transportation and great shopping. The building has a three-year new roof and a two-year new central water heater. The property includes six parking spaces and a separate on-site laundry room. There is additional monthly income from a garage rental and a laundry facility. There are no Section 8 tenants in the building. Additionally, the seismic retrot work has just been completed and, through the Seismic Cost Recovery Program, a buyer can look forward to receiving approximately $54 per tenant, per month which equates to approximately $38,880 over 10 years.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-14T17:42:48.29. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.