Just Listed a house in the front with 3 units at the rear building in a quiet Highland Park Area. The front house is 2 bedroom/2 bath house with a garage. Other units at the rear of the property with alley access consist of 1 bedroom/1 bath, 2 bedroom/1 bath, & 3 bedroom/1 bath. Reliable tenants. The largest unit downstairs at the rear building is being delivered vacant. Current GRM: 10.38 and Cap Rate: 8.18%. At the basement, there is also a Studio Unit with a Bathroom that is not included yet as one of the units. Great Upside Potential.
Listing courtesy of Listing Agent: August Wen (C21august@aol.com) from Listing Office: Century 21 Masters.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.