Description
This 2 unit property is located in desirable area of East Hollywood. The physical property consists of 1,897 leasable SF, well situated on a 5,695 sf lot. The property is currently 100% leased to two month to month tenants. The 2 bedroom apartment is leased for $1,500.00 and the studio is leased for $700 per month, grossing $26,400 per year. The tenants pay all utilities. After all expenses this property is netting $14,749 per year providing an investor with a 2.6% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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1,897SQFT
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$300$/SQFT
School Ratings & Info
Description
This 2 unit property is located in desirable area of East Hollywood. The physical property consists of 1,897 leasable SF, well situated on a 5,695 sf lot. The property is currently 100% leased to two month to month tenants. The 2 bedroom apartment is leased for $1,500.00 and the studio is leased for $700 per month, grossing $26,400 per year. The tenants pay all utilities. After all expenses this property is netting $14,749 per year providing an investor with a 2.6% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
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