Monday, March 2, 2009

Los Angeles 2 Units Residential Income Property $429,000




Type: Multifamily
Duplex/Triplex/Fourplex
No. Units: 2
Building Size: 1,851 SF
Lot Size: 5,183 SF
Occupancy: 100.00%
Price: $429,000
Price/Unit: $214,500
Cap Rate: 5.67%
Year Built: 1954

Property Description:
Charming Two On a Lot. Front house 2 bedrooms 1 bath, back house 1 bedroom 1 bath. Front house can be delivered vacant at close of escrow. Perfect to live in and rent out back for solid rental income. Quiet tree-lined neighborhood just north of Downtown. Short Sale. This property is non-rent controlled.

Unit 1 = 2 bd/2ba, Rents for $1800 Unit 2 = 1 bd/1ba, Rents for $1100

Scheduled Gross Income: $34,800
Operating Expenses: $10,440
Net Operating Income: $24,360

No Unit Mix Information Provided

No Debt & Equity Information Provided