Description
This 6-unit multifamily investment opportunity presents a well-maintained property in a strategic location, fully occupied with stable rental income. The potential to add ADU units and its positioning in a Qualified Opportunity Zone make it an enticing prospect for investors seeking long-term growth and tax advantages.LOCATION: 11700 S Normandie Ave, Los Angeles, CA 90044, conveniently near the 105 Freeway.PROPERTY FEATURES: Well-maintained building with a new roof (replaced in 2023), new gate, and fresh paint.PROPERTY SIZE: The building spans 3,648 Sq.Ft. on an 8,112 Sq. Ft. lot.UNIT MIX: Attractive unit mix consisting of all 2 Bed/1 Bath units, generating $10,690/mo in rental incomeOCCUPANCY: Currently 100% occupied with stable income from five units leased to Section 8 tenants.VALUE-ADD POTENTIAL: Opportunity to add two 2 Bed/2 Bath ADU units, generating an estimated $50,000 of additional rental income annually and increasing property value by nearly $600,000.Located in LAs Qualified Opportunity Zone, offering potential investors the possibility to potentially avoid all capital gains taxes on the exit after substantial renovation and a 10-year hold.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This 6-unit multifamily investment opportunity presents a well-maintained property in a strategic location, fully occupied with stable rental income. The potential to add ADU units and its positioning in a Qualified Opportunity Zone make it an enticing prospect for investors seeking long-term growth and tax advantages.LOCATION: 11700 S Normandie Ave, Los Angeles, CA 90044, conveniently near the 105 Freeway.PROPERTY FEATURES: Well-maintained building with a new roof (replaced in 2023), new gate, and fresh paint.PROPERTY SIZE: The building spans 3,648 Sq.Ft. on an 8,112 Sq. Ft. lot.UNIT MIX: Attractive unit mix consisting of all 2 Bed/1 Bath units, generating $10,690/mo in rental incomeOCCUPANCY: Currently 100% occupied with stable income from five units leased to Section 8 tenants.VALUE-ADD POTENTIAL: Opportunity to add two 2 Bed/2 Bath ADU units, generating an estimated $50,000 of additional rental income annually and increasing property value by nearly $600,000.Located in LAs Qualified Opportunity Zone, offering potential investors the possibility to potentially avoid all capital gains taxes on the exit after substantial renovation and a 10-year hold.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T00:28:26.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.