Great Quartz Hill Investment Property! Fully Rented 8 unit complex! Centrally located to shopping, bus stops, fast food, banks and more. This Building average rents are well under market. The average rent per unit is $1,376. The average rent should be between $1,700 per month. The monthly income includes $1,500 per year income from the laundry room. This 5% Cap Rate Chart is based upon the yearly net profit of $92,520 per year. This building is fully rented. There are Six 2+2 single story apartments and Two 2+2 townhomes. This building includes a brand new roof and new garage doors. Seven of the units have a single car garage with a new garage door. Unit A has a two car garage. Both unit A and unit G garages are attached. There is a laundry room on the premises and that income is included in the monthly gross income. There are also two garages that are not assigned and could possibly be converted to an ADU.
24002639
Multi-Family, Other
Los Angeles
1973
0.45
Acres
Stucco
Interior Features
- Cooling
- Central Air
- Heating
- Gas Heat. Central.
Exterior / Lot Features
- Exterior
- Stucco
- Zoning
- LCR3*
Financial Considerations
3103-024-007
Arrows indicate 90 day trend
Loading...