6.16% in place cap rate and 11.15 GRM – NON RENT
CONTROLLED ASSET!
This fully renovated and high cash-flowing 23 unit
asset is located on a massive 34,122 sq ft lot.
Property comes with 21 parking spaces and every
unit features new floors, cabinets, bathrooms,
kitchens and all units are equipped with washer
and dryer in unit. Perfect for family rentals. As a fully
turned asset this property has very low
maintenance. All new windows, roofs, plumbing.
This is a perfect turn key asset for any buyer and
will produce incredible cash flow.
134th St has an ideal unit mix consisting of
(1)3Bed/1Bath, (3) 2Bed/1Bath, & (18) 1Bed/1Bath and
(1) Studio/1Bath units.
The subject property is just minutes away from
major employers and new developments such as
SpaceX, Amazon Ring, Boeing, Hollywood Park and
SoFi Stadium.
OM in the supplements.