List Price $1,500,000
8 unit apartment complex
Tracy Do Real Estate presents a tremendous opportunity to buy an income property in red-hot Silver Lake. This well-maintained complex includes a duplex built in the 1920’s and six non-rent control units of 1986 construction, eight units in total. The “townhome” style duplex has 2 bedrooms + 1 bathroom each with generous living space of approximately 1200 square feet per unit. Of the six other units, four are 2-bedroom, 1 bathroom units and two are 1-bedroom, 1 bathroom units. Current rents offer a 35 +% upside potential on total rental income. All units are separately metered for gas and electric, and there are 8 parking spaces. This easy-to-maintain building has been under the caring ownership of one family for 30 years. Monthly expenses are exceptionally low, it’s truly an investors dream.
For details please contact Tracy Do Real Estate.
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