$1,505,000

Remodeled 7-unit multifamily in South Los Angeles with income today and room to grow (PHOTOS COMING SOON). FOUR UNITS are VACANT (the 3-bedroom house plus three 1-bedrooms), so a new owner can lease up and set market rents on their own timeline with no rehab ahead, while three 1-bedroom units are occupied. TENANTS PAY GAS & ELECTRIC. Renovation includes new kitchens with shaker cabinets and stone counters, vinyl plank flooring, fresh paint, & LED lighting. One 3-bedroom/1-bath house and six 1-bedroom/1-bath units on a large 9,154 sq ft lot with 7 parking spaces and a communal laundry room. Pro-forma gross income is approximately $14,400/month ($172,800/year), a 6.55% pro-forma cap rate and 8.71 GRM. Near The SEED School of LA County, South LA Cafe, new developments, SOFI, Youtube Theatre, Intuit Dome, & The Kia Forum. Convenient access to the 110 and 105 freeways, Metro bus lines, and Metro rail for an easy commute across LA. Ideal for value-add investors, 1031 exchange buyers, first-time multifamily owners, and long-term holders. PER ZIMAS - LAR3 TOC Tier 3 Zoning.