866 W 43rd Street, Los Angeles, Los Angeles, CA, ResidentialIncome, 8, 4

Property Description

$200,000 PRICE REDUCTION!! 4.22% Cap Rate! This updated fourplex in Los Angeles presents an outstanding opportunity for anyone looking to own, and possibly occupy, a property with great potential. This 2-story building has all units front facing with 2 units upstairs and 2 downstairs. Each unit is the same spacious, over 1,000 sq ft, one-level layout with 2 bedrooms and 1 bathroom. 3 of the units are occupied and one will be delivered vacant. The vacant unit has an upgraded kitchen and bathroom. The units are individually metered for gas and electricity, which keeps expenses to a minimum. Each unit has their own washer/dryer hookups. Lower rent than the current market value with room for rental increase. Property is conveniently located 1/2 mile to the Coliseum, Exposition Park, and Metro Line and 1 mile to USC making it highly desirable for USC students. In addition to rents, tenants pay $50/mo per parking space and the building has 6 spaces available with one space available. This low-maintenance property is well-positioned to be a competitively sought-after investment with huge potential with student housing. It is also perfect for the owner to occupy the vacant unit.