10 bedroom house for sale

Overview

80% Vacant and Renovated 15-Unit Building with 12 Vacant units cash flowing at an amazing 6% Cap Rate and 12 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing 39% upside to 9% Cap Rate and 8.6 GRM on the proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, and Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large 10, 268 SF C2 Lot for future redevelopment.