Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! All apartments are 1 bedroom & 1 bathroom and fully remodeled inside with modern finishes such as trendy black hardware, butcher block counter tops, white cabinets in kitchens and bathrooms, unique light fixtures, light wood flooring, two units feature offices. The spacious units average 806 SF each per title. Great tenants, well managed, rents average $1,991/month per unit, and collections have been 100% during COVID. Owner is selling in order to exchange up! * 14.64 GRM on current rents and 5.14% CAP Rate! * Large parking lot behind the building with 8 parking spaces and (4) large storage lockers for tenants. In front of the building, there's a shared patio for tenants with a community garden box (currently producing artichokes!) Separate meters & hot water heaters, plus a laundry room. If you are looking for an easy, well performing 4 unit in a hot area that is already updated & offers more room to grow, this building is for you. Drive by today and see for yourself - but don't delay - this deal is priced to sell! Located just a few blocks from Figueroa and near some of the best restaurants & attractions in Highland Park, such as La Cuevita, Triple Beam Pizza, Highland Park Wine, Hippo, Kitchen Mouse Cafe, & more. Also super close to Herman Dog Park & Arroyo Seco Park
Courtesy of , Dana Coronado - CA DRE#
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