Multi Unit near USC

*Today is Multi-Units Day. *Here's one In Los Angeles*

Prime location, close to USC. Already Cash-Flowing.
Good Price & Great Opportunity for Income property right here in LA!
*6- are occupied w/already $4075. in cash-flow, *2-are vacant.

Over $47.k NOI*

Please review the details given below - which are quite extensive*
*Please do some of your own due diligence up front to make sure this works for you.
Contact me to make your offer: *LOI signed & specific + POF + $10.K dep. w/copy of check. *please follow protocol*

You MUST be Direct. (Buyer or rep. - NO chains please!)

*Serious Buyers Only Please* (no tire kickers)
1951 W. Martin Luther King Jr. Blvd., Los Angeles,CA 90062
- REO FOR SALE
- Location 1951 W. Martin Luther King Jr. Blvd., 3992 &
3994 S. Wilton Place, Los Angeles, CA
- 1 x 2 bedroom, 1 bathroom
- 3 x 1 bedroom, 1 bathroom
- 4 x Singles, 1 bathroom
- Current Income $56,400.00 per year
- $555,000.00

This property is located on the corner of Martin Luther King Jr. Blvd. and Wilton Place in Los Angeles. The area around it is made up of a mixture of apartment units and single family homes. The property is an REO and is being sold in "AS IS" condition. There are several deferred maintenance items that will need to be corrected. Bank willing to make ready 1 vacant unit at $4k. Other unit is rent ready.




Price $ 555,000.00 firm
Address
(click for web-map) 1951 W. Martin Luther King Jr. Blvd., Los Angeles,CA 90062
Price / Unit 68,750.00
Cap Rate 10.3 %


Year Built 1923


Rent Schedule
1 bedroom, 1 bath $ 575.00
Single, 1 bath $ 500.00
Single, 1 bath $ 675.00
2 bedroom, 1 bath $ 850.00
1 bedroom, 1 bath $ 850.00
1 bedroom, 1 bath $ 625.00
Single, 1 bath $ 625.00 Vacant
Single, 1 bath $ 625.00 Vacant
Total: $5,650.00

Proforma
GSI $67,800
Less Vacancy &7%) $ 4,746
GOI $63,054
Less Expenses (25%) $15,763
NOI $47,291

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Fernando Young
Hartford Investment Group
8.8.8.-317-4517x1
socalhartfordinvgrp@gmail.com