A minimum of $70,000 NET per year! You will not be disappointed with this incredible multi-unit residential property located in the HEART of Silver Lake on SUNSET BLVD.! All following numbers are ACTUAL NOT PRO-FORMA…GRM 9.87 CAP 7.28% CASH ON CASH 9.66%.
You cannot beat this money making investment. The property is situated on 3 parcels. One parcel has 6 units, the other parcel has 12 units and the third parcel is a parking lot! It is a legal 18 unit complex. Most units leased through Craigslist sometimes sight unseen due to its overwhelming popular location. 16 of 18 units renovated. Individually metered for gas and electric. Very little deferred maintenance! Copper plumbing, landscaped garden with a picnic table in the common area. Great rental for tenants with pets. This property is a no brainer.
