The 6 units at 1528 E 33rd Street offer an investor a completely passive, turn-key investment. With a new pitched roof, new windows and copper plumbing throughout, the bones of the property are strong. Taking the upgrades a step further, an investor has an opportunity to take on a building with all interior units upgraded with laminate floors, new cabinets and stainless steel appliances. These substantial upgrades to the property show in the current rents, as the One-Bedroom units average $1,775 per month and the Two-Bedroom units average $1,900 per month. These rents bring the current Cap Rate to 5.75% and the Gross Rent Multiplier to 11.64. Ideal for any owner looking to jump into this exploding pocket of South Central Los Angeles.6 Multifamily Units Completely Remodeled From the Ground up in 2018 4 One-Bedroom Units + 2 Two-Bedroom UnitsNew Roof, New Windows and Copper Plumbing ThroughoutHuge Lot Offers Tenants Ample Parking On-SiteHuge Units Each Averaging over 700
BRENT ROBERTS Realtor | CA BRE# 01946139 | 619-762-4883
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