Description
High return completely renovated 5 unit in South Gate. These 1bedroom bungalows are being offered at a 5.79% going in cap rate with a GRM of 12.22. You will not find a cleaner deal in this market with this return on investment. Improvements to the property include new windows, cabinets, granite countertops, totally refurbished bathrooms, and tile flooring. Renovations were not only cosmetic. Additions were made to the lot and exteriors to ensure a no hassle cash flowing investment moving forward. Everything is fully legal and permitted which will lead to a stress free South Gate city inspection once in escrow. There are 5 garages and additional driveway parking space. These apartments demand a higher rent per square foot than other South Gate properties because of the condition of the units, and because it is the only apartment building on an otherwise house residential street.
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5BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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2,904SQFT
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$386$/SQFT
School Ratings & Info
Description
High return completely renovated 5 unit in South Gate. These 1bedroom bungalows are being offered at a 5.79% going in cap rate with a GRM of 12.22. You will not find a cleaner deal in this market with this return on investment. Improvements to the property include new windows, cabinets, granite countertops, totally refurbished bathrooms, and tile flooring. Renovations were not only cosmetic. Additions were made to the lot and exteriors to ensure a no hassle cash flowing investment moving forward. Everything is fully legal and permitted which will lead to a stress free South Gate city inspection once in escrow. There are 5 garages and additional driveway parking space. These apartments demand a higher rent per square foot than other South Gate properties because of the condition of the units, and because it is the only apartment building on an otherwise house residential street.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-26T16:42:49.323. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.