Description
*Charming seven-unit community in coveted Pico/Fairfax *Renovated exterior; seismic reinforcement work complete *Front house-like unit with kosher kitchen, "smart" mirrors, frosted glass interior doors, and in-unit washer and dryer *Three out of seven units renovated with quartz countertops, double sink with goose-neck faucets, stainless steel appliances, shaker cabinets, and vinyl plank flooring *Tremendous Value-Add Opportunity: Over $1,000/unit/month in rental upside; in-place rents average $1,732/unit/month and $1.97 per square foot *Rents shown are averages *PART OF AN 11-PROPERTY PORTFOLIO totaling 221 units, all located in prime LA County locations, including Inglewood (9 properties); Hawthorne (1 property); and Beverly Hills adjacent (1 property). The properties Can be Purchased Together, Individually, or In Any Combination. The Portfolio offers an attractive selection of one-, two-, and three-bedroom units, with spacious units averaging nearly 1,000 SF. There is tremendous value-add opportunity with in-place rents averaging approximately $2,135/u/month and only $2.12 psf. Attractive fixed rate assumable financing with an average interest rate of 3.72% is available. *See Property website for OMs, rent rolls and other information for ALL Properties.
-
10BEDS
-
0.14ACRES
-
0BATHS
-
01/2 BATHS
-
6,148SQFT
-
$480$/SQFT
School Ratings & Info
Description
*Charming seven-unit community in coveted Pico/Fairfax *Renovated exterior; seismic reinforcement work complete *Front house-like unit with kosher kitchen, "smart" mirrors, frosted glass interior doors, and in-unit washer and dryer *Three out of seven units renovated with quartz countertops, double sink with goose-neck faucets, stainless steel appliances, shaker cabinets, and vinyl plank flooring *Tremendous Value-Add Opportunity: Over $1,000/unit/month in rental upside; in-place rents average $1,732/unit/month and $1.97 per square foot *Rents shown are averages *PART OF AN 11-PROPERTY PORTFOLIO totaling 221 units, all located in prime LA County locations, including Inglewood (9 properties); Hawthorne (1 property); and Beverly Hills adjacent (1 property). The properties Can be Purchased Together, Individually, or In Any Combination. The Portfolio offers an attractive selection of one-, two-, and three-bedroom units, with spacious units averaging nearly 1,000 SF. There is tremendous value-add opportunity with in-place rents averaging approximately $2,135/u/month and only $2.12 psf. Attractive fixed rate assumable financing with an average interest rate of 3.72% is available. *See Property website for OMs, rent rolls and other information for ALL Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.