Available for the first time in well over 30 years, this 8* unit (*legally 7) investment property is located in Culver City (Los Angeles P.O.), is listed at a current 5.46% Cap Rate, with almost 20 % +/- rental upside! There is also assumable financing available, at 3.75%, interest only, for 55 months! The units are comprised of Seven 1 Bedroom units and One Studio (nonconforming), and are organized around a charming central courtyard, with attractive landscaping and seating areas for tenants. The units are all very spacious, and common area expenses are very minimal (contact agent for details). This is a very charming gem of a property; the nearly 10,000 square foot lot is surrounded by a line of trees, helping to keep the central courtyard as quiet and peaceful as possible for tenants. There are also 8 garages in the back, some of which are leased out by the owner for additional income, and onsite laundry (owned) is available for tenants convenience. Each unit has its own individual water heater and two units have fireplaces. Utilities are also very low at this property - check with agent for details.
Courtesy of Keller Williams Beach Cities, Josh Cohen.