4 Beds • 3 Baths • 2202 SF • 5503 SF Lot • $3,050,000
Part of Five Property Multi-Family Portfolio
This property is offered in a bulk portfolio of 5-properties/16 units total w/ proforma 2018 NOI of $180,833 and mid 5 cap range.
Portfolio includes 9206 S. Hoover St; 4810 E. Compton Blvd; 6915 S. Harvard Blvd; 8451 Towne Ave; 9806 S. Main St. This stabilized portfolio features very low vacancy/turnover history, low management expenses and is competitively priced. Perfect for 1031 investors!
6915 S Harvard is a fully occupied well maintained tri-plex that was rehab'd in 2011; great property w/ excellent income; property in a very nice pocket of LA; all three units are section 8 with rent increases in 4Q2017; two attached units are 1 bed/1 bath each and separate unit over garage is 2-bed/1-bath; newer roof; tenants pay electricity and gas; four car garage.
Drive by only! Do not disturb tenants! Request offering memorandum from agent. Offering memorandum contains details of the each property, portfolio price, income and expense schedule and market survey. Inspection upon offer acceptance. Income and expenses based on scheduled rent increases in 4Q2017.