1037 W 92Nd St Los Angeles, CA 90044

Agent Remarks: Can we say, pure opportunity (Great NOI)? We are proud to present this 11-unit apartment building located in the County of Los Angeles. The rent roll is attached. Can you say OPEN CANVAS? FIVE of the units have been completely rehabbed! FOUR of these rehabbed units are VACANT. SIX of the units are due for rent increases. All tenants except one, are paying on time. There are 4 section 8 tenants in the building. With close proximity to the 110 Freeway, as well as main streets like Manchester Avenue, the subject property provides an easy commute to downtown L.A. and beach cities to the West for the resident's enjoyment. The building consists of an attractive unit mix of five 1 bedroom/ 1 bath units and six 2 bedroom/ 1 bath units. The property also provides ample on-site parking for tenants, one space per unit. There are ten parking spaces in the rear and one space in the front. The property provides the investor with strong, secure cash flow which can be hard to come by in this post-pandemic era! An investor can add significant value to the asset by making simple touch-ups and renovations to improve the systems and aesthetics of the property. Another option to create additional value is to convert the office in the front into a second bedroom of the adjacent 1-bedroom unit. The building's amenities include a laundry room for additional income, and separate gas and electrical meters per unit. One unit and all common areas will be shown at 1PM on Tuesday, July 26th. All final offers will be due by Wednesday July 27th by 5PM. This is a once in a lifetime opportunity!!

Continue Reading