5.06% CAP RATE with super low expenses ! Fully renovated 4 unit in heart location in Mind wilshier, Los Angeles ! Newer double pain windows, newer sewer line , all units comes with 2 bed 1 full bath room , fully remodeled kitchen , flooring, mini split units for Ac and heating, upgraded electrical panel for all 4 units, 4 saparate gas meters, each units come with the own laundry (owner owns washer and dryers) , pleanty of parking spots. 1 units just vacated, 1 unit moving out Oct, 2024, 1 unit contract expires 12/31/24 , last units in on month to month.
Each unit can be rented at $3,250 - $3,350
Upstairs unit has a balcony , downstair unit has 2 separate access (Facing to street and from the back parking lot)
Super low Expense :
Insurance $3, 216 (per yr) + Trash $3,180 ($265 per month) + water $2,600 ($445 every 2 month) + Gardening $1,560 ( $130 per month) + no management cost =
$10,556 per yr
Property Tax $23,183.56
Total Expense : $33,739.56 (Approx 22% of GSI)
GSI : $12,700 Rent per month $152,400
NOI : $118,660.44
Please request your OM today and check video link ->> https://vimeo.com/1000595132
