"Large 5,760 SF 8-unit bungalow-style Fixer building with 5 vacancies in South LA. Incredible Current Cap Rate of 7.4% and GRM of 10.2 after renovations. There is 35% upside to a 10.8% Cap Rate and 7.6 GRM on the Proforma. Excellent up and coming location minutes from Banc of California Stadium, USC, and Inglewood. Potential to reconfigure the layouts to create additional beds and maximize rents. Potential of adding 2 ADUs in the back to reduce the price to only 165k/door. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future redevelopment."
Listing By Corcoran Global Living – Jorge Lopez
Data Last Updated 12:41am - 03/01/2021
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