What an amazing opportunity for that investor looking for a profitable multi-unit property. Location is key when looking for a profitable investment such as this 7 unit property conveniently located by 91 and 710 freeways. Directly across the street from anchor commercial retail tenants stores such Target, Food For Less, Taco Bell, Wing stop, Gas Station, etc... All great long-term tenants with significant 25%+ rent increase potential. Breakdown of 7-unit apartment consists of 5 units 1 bedroom/1baths and 2 studio units. Two separate buildings with all separate individual gas and individual electric meters. Also, additional extra monthly income with onsite coin operated laundry (less than 1-year old commercial front loader washer and 3-year-old commercial dryer). Tenants really appreciate the convenience of onsite laundry. Apartment well maintained with many recent upgrades such as Bradford White water boilers, energy efficient dual pane vinyl windows for all 7 units, new copper plumbing for all units along with new main waste water line to City water line. An easy to maintain investment property with strong consistent cash flow. Do you math, this property is priced at approx. $200K price per unit.
Listing courtesy of Chuck Chavez from Century 21 Allstars
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