4009 Stevely Avenue, Los Angeles CA

18 Unit building in a high demand rent area provides very little turnover and long term cash flows. Current rents are ± 24% under market rates which. All earthquake retro fitting has been completed! Extensively upgraded and modernized units including all major capital expense items such as plumbing, electrical, HVAC's, painting, electric entry gate, decking, doors and dual pane windows. (1) Studio, (3) 1+1 Units, (13) 2+2 Units, (1) 3+2 Unit Fully assumable loan @ 4.07% for another 4.5 years at ± $2,700,000. Existing gross scheduled income (GSI) is $317,520.00, assuming a new investor brought all units to up to market rents, assumed annual GSI would be ± $423,840.00.