925 West 84th Street, Los Angeles, California 90044$1,090,000
McAlpin & Company is pleased to present this cash flow opportunity in South Los Angeles. This seven unit building is grossing over $8,300 per month with very low vacancy and maintenance costs. The unit mix which consists of a front house with 3 bedrooms and 1 bath and the other six units are all one bedroom one bath apartments. The complex is located east of Vermont Avenue between Manchester and Florence. It is adjacent to the brand new Class A County Administration Office Buildings on Vermont. This is a rent controlled area but there is still a lot of upside in the rents. This investment is being offered at an attractive GRM of 10.68 with a 6.18 CAP rate. At list price, this is property provides a 7.2% cash on cash return. PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.
925 West 84th Street, Los Angeles, California 90044
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