LP.com

Perfect 4 unit multi-family investment property located in the very desirable rental area of East Los Angeles. First Time in the market in 17+ years the subject property unit mix consists of 4 units, 3 nice size one bedroom and one bathroom units and one studio unit in the rear. This is an excellent opportunity as this property can be sold with the adjacent 3 unit property located on 732 S. Sadler (MLS #DW23138336). The new owner will appreciate the current income yielding a 5.11% cap rate and $212,500 cost per unit. Total rentable square feet of the building is approximately is 2432 and lot is 6834 square feet. Tenants have parking space and 3 of the units enjoy a one car garage each. The garages can possibly be converted to an ADU. All rental units are separately metered for Gas and Electricity while the owner pays for Water & Trash. Tenants also enjoy the convenience of being located walking distance to the many shops and restaurants off of the Whittier Boulevard's retail corridor and within a short drive to the 5,60 and 710 freeways. With limited inventory this prime location property is just a few blocks from the city of Montebello and is perfect for the 1031 exchange investor or a buyer that may want to live in one of the units. Must see to appreciate. Investor will not be disappointed.