Large, professionally managed 5 unit near Poly. 2 Structures spanning a large lot. Strong cash flow. Excellent unit mix - four 2 bedroom/1 bathroom units and one 3 bedroom/2 bathroom unit with 4 garages for additional income. 16.3% upside on current rents. Priced at 12.83 GRM and 4.8 cap rate on current rents, 10.87 GRM and 6.0% cap rate on market rents. All units and exterior redone along with roof repairs. Opportunities to create additional income by installing washer/dryer in vacant laundry room. 2 of the two bedrooms were initially a 4 bedroom that was subdivided, minimal cost to cure. Create additional value by permitting the 5th or reverting back to a 4 unit. Dense rental market with low vacancy rate and strong income. Take advantage while you can! Drive by only. Do not contact occupants.
Buckingham Investments, Inc.
1957 W Carson St Ste 107 | Torrance | CA 90501
562.208.4890 | 310.982.7055
Property Type: MultiFamily
Listing Category: Purchase