Property Detail

Description

Welcome to this four unit 1920’s bungalow in the heart of Los Feliz! This timeless gem consists of Four 1 Bed/1 Bath units generating $108,000 a year in rental income. You can purchase for investment or live in one and rent out the other units! This well managed property has 2,397 square feet of living quarters and sits on a well designed 6,502 square foot lot. Each unit has its own tree shaded entryway allowing for privacy and a backdoor that takes you to a beautiful back yard open patio. Each tenant has their own gas and electrical meter allowing for easy management. This peaceful palm tree lined street is iconic to Los Angeles living and walking distance to the best Los Feliz has to offer. With a strong and stable Cap rate of 4.1%, this opportunity is desirable to owners and investors alike. Don’t miss this rare chance to own this turnkey classic with so much character Zoned R2-1XL. SELLER MAY FINANCE a portion of the purchase. Hurry, this opportunity will not last!