*35 years management by the same
owner located in Koreatown, Los Angeles. Huge rental upside potential.
*Tenants owned refrigerators &
gas ovens – The owner bears no responsibility to repair or replace.
*New roof in 2019 with a guaranteed
certificate.
*24/7 CCTV Security Camera
*Total Parking 8 Spaces
*Housing Inspection Done on 09/2022
*Unit 2 rent includes storage.
*In-unit washer & dryer hookups except unit
6 bachelor.
*Unit 6 bachelor/no kitchen (owner pays hot water gas bill
$10.00 per month).
*Unit Information
|
|
Units
|
Beds
|
Baths
|
Parking
|
Furnished
|
Actual Rent
|
Pro Forma
|
|
1
|
1
|
1
|
1
|
1
|
Unfurnished
|
$1,179.50
|
$1,850.00
|
|
2
|
1
|
1
|
1
|
1
|
Unfurnished
|
$1,950.00
|
$1,950.00
|
|
3
|
1
|
3
|
2
|
1
|
Unfurnished
|
$2,073.82
|
$3,000.00
|
|
4
|
1
|
1
|
1
|
1
|
Unfurnished
|
$1,015.52
|
$1,850.00
|
|
5
|
1
|
1
|
1
|
1
|
Unfurnished
|
$959.29
|
$1,850.00
|
|
6
|
1
|
0
|
1
|
2
|
Unfurnished
|
$914.31
|
$1,400.00
|
|
7
|
1
|
2
|
1
|
1
|
Unfurnished
|
$1,415.98
|
$2,350.00
|
*Annual Income $114,101.00 (Pro Forma $171,000)
*Annual Expense $34,079.00 (Tax $18,588 Insurance $3,684 DWP $6,798 Trash $3,549 Maintenance $1,340 Gas $120)
Cap Rate 5.17% (Pro Forma Cap Rate 8.84%)
