Description
Dont miss out on this great opportunity for a prime nine unit apartment building in a highly desirable area of the Palms neighborhood of Los Angeles, with upside in rents! Well maintained, pride of ownership building with many upgraded units; some with hardwood floors, Caesar stone and/or granite countertops, and much more! High Walk-Score neighborhood (88), and good access to transit (4 blocks from the Metro E Line Palms Station and easy access to the 10 and 405 freeway on ramps. Current GRM at 16.5, and CAP at 4.18% at actual income and actual expenses with adjustments for the new tax rate. Potential for 5.02% CAP with units at market rent.
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$125,000,000
11
20
27,150 Sq ft
MLS# 21679756
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