1963 East 111th Street, Los Angeles, CA 90059

$425,000 Approx. USD 0 beds, 0 baths
2,606 sqft

Agent Remarks

JUST REDUCED! Subject property consists of 1(4Bed/2Bath) and 1(3Bed/2Bath) all situated on a 6,411 square foot lot. The current owner has made a number of improvements including newer interior paint, carpet and tile throughout, new cabinetry and fixtures. Exterior improvements include newer roof, upgraded windows and a new security gate. Tenants enjoy onsite parking and laundry hookups. A new owner can capitalize on this investment immediately earning a 5.6% cash return, and given the strong rental demographics of the location, upwards of a 8.12% cash return with market rents in place. Assuming the buyer is purchasing as owner occupied, seller is willing to coordinate one of the units being delivered vacant at the close of escrow.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# CV16705685
List price is $425,000 Reduced by $25,000 on 10/13/2016
Beds: 0
Baths: 0
Built in 1919
2,606 sqft
0.14 acres
Lot size: 6412.000
County: Los Angeles
Zoning: LAR1
Parking description: Off Street,Unassigned
MLS area: C34 - Los Angeles Southwest

Last Updated: 10/14/2016

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This listing belongs to the C34 - Los Angeles Southwest MLS area

The listing is zoned LAR1.
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Lat/Long: 33.934536, -118.236771.
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Broker: Courtesy of RE/MAX 2000

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Out of households, are families.

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