New Listing - 5 Unit Investment property with $6100/month income - Completely Occupied with long leases. Property Zoning allows for multi-family up to 10 units on this location with .84 acre lot in a prime location. Concrete block construction and slab foundation on the 4 units + single wide renovated mobile home in the back of the property. There is also a maintenance man that lives at the property in Unit D - he pays rent and paid for any services separately. The entire property is on Well & septic systems therefore the owner supplies Water, sewer, trash, electric, lawn & cable. Newer metal roof installed in 2016 and completely painted on the exterior in 2023. The 5th unit, the single wide mobile home that was completely renovated with new showers, tub, kitchen, appliances, flooring and paint this October and rents for $2000/m. Many of the other units have also been renovated. This is a turn key operation, in good condition with good long term tenants in a good location near major highways and lots of job opportunities including 5 minutes to the Hard Rock Casino. Rent analysis provided by the seller has the cap rate currently at 8.5%
The income description goes here to explain
List Price | $595,000 |
Property Type | Multi-Family |
Usable Sqft | 2,504 |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 1940 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | U1129191N900000000007.0 |
MLS # | T3484482 |
Property ID | 315850572 |
Lot Sqft | 36,756 |
Zoning | RDC-12 |
Total Units | 5 |
Days on Market | 434 |
Original List Price | $795,000 |
Date Updated | September 27, 2024 |
Date Created | November 14, 2023 |
Financials not available online. Please inquire with your agent for more details.
Angela Inzerillo an agent of .
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of September 27, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT