$362,340 GROSS SCHEDULED INCOME | 6.35% CAP | 13 UNITS ON TWO CONTIGUOUS PARCELS. This rare offering includes two contiguous parcels totaling approximately 40,425 square feet and a combined 13 units, six on one parcel and seven on the other. Each unit is a single-level, cottage-style residence, and the property… Read More includes multiple garages and ample surface parking. The electrical at 4900 Live Oak has been updated with new mains and sub panels. The property produces $362,340 in gross scheduled income against $116,794 in operating expenses, for a net operating income of $238,299. Additional potential includes accessory dwelling units or a complete redevelopment, buyer to verify all options with the city. Located in an area already experiencing new construction, including a recently completed apartment building nearby. Steps from the Atlantic Avenue dining and retail corridor, with Plaza Mexico in Lynwood roughly 10 minutes away and the Watts Towers and Augustus F. Hawkins Natural Park about 15 minutes out. Read Less
Property listed by Berkshire Hathaway HomeService, Joseph Lotfy 562-739-6528
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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