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PROPERTY HIGHLIGHTS: - 14-Unit multifamily property situated on a large parcel with 200 feet of frontage on two streets - Project-based Section 8 HAP Contract with long-term stable income - Walking distance to casual dining establishments and conveniences in the immediate area - Located within half a mile of 3 Metro Local Line stops and the Orange Line station at Pierce College - Situated within 5 square miles of 260,000 jobs, with the growing Warner Center only 2.5 miles west
CONTACT LISTING AGENT FOR FULL OFFERING MEMORANDUM: Fully remodeled 18 unit, non rent control near Warner Center's dynamic business and retail corridor with shopping, employment and entertainment amenities. With great corner visibility, this trophy property features Class A appointments such as granite countertops, stainless appliances, full size stainless refrigerators and dishwashers, large units, double sinks in bathrooms, triple mirror wardrobe doors and balconies. Unit mix is 1s and 2s. Avg. unit size is 850 for the 1 bed, and 950 for the 2 bed. The building features copper plumbing, newly painted exterior and interiors throughout, remodeled entry and hallways and new landscaping and gated intercom entry.
GREAT INVESTMENT OPPORTUNITY OR GREAT FOR FIRST TIME BUYERS ! 3+2 W/ LOFT LOCATED IN A GATED COMPLEX. FEATURES INCLUDE LARGE LIVING ROOM AREA, DINING ROOM, UPDATED KITCHEN, VAULTED CEILINGS , PRIVATE BALCONY. COMMUNITY FEATURES INCLUDE 2 GATED PARKING SPOTS, POOL, JACUZZI, RECREATION AREA. LAUNDRY FACILITY, 2 COVERED PARKING SPACES UNIT, - HOA FEES ALSO INCLUDE EARTHQUAKE INSURANCE, WATER AND GAS, SMALL PETS ALLOW, MOTIVATED SELLER. ATTENTION INVESTORS: 5% CAP RATE WITH CURRENT TENANTS WILLING TO SIGN NEW LEASE AT $2050 PER MONTH