This property is a high-revenue-generating cash cow with a cap rate of over 7%, but yet has an upside in rent making it an exceptional investment opportunity. Externally, the building has undergone extensive upgrades, including new stucco, fresh paint, and the installation of a new electrical panel, and roof, ensuring long-term durability and reduced maintenance costs. Internally, all units have been extensively remodeled with updated electrical systems, new piping, modernized kitchens and bathrooms, and upgraded flooring, enhancing tenant appeal and rental value. Additionally, its prime location with easy access to the freeway and close distance to schools and workplaces makes it highly attractive to tenants, ensuring strong occupancy rates. With its fully upgraded condition, modern amenities, and high demand, this property offers strong and consistent rental income, making it a lucrative, low-maintenance investment for serious investors.
Days on market: 27
Listing updated: April 21, 2025 - 04:04:04
Listed by: Meran Solamany DRE #01301571 310-432-6400, Keller Williams Beverly Hills - Out of Area Board
Source: Out of Area Board, MLS#: CLW-X74054 Originating MLS: CRMLS
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