Here we have a two story 10-plex apartment building. All units are two bedrooms with a full bath, kitchen, dining area and a living room. The building has recently been painted to match the neighboring 10-plex at 8717 which is also on the market. Rent rolls occupied are at 90% at 90% of the calendar year. As vacancies do come available, they are upgraded to include paint, carpet, flooring, kitchens and bathrooms as needed. This building is supported by a 500-gallon hot water system for the comfort and care of the tenants. The roof was recently serviced for prevented maintenance and verified for continued problem free use. The parking lot has restriped with one space per apartment with addition spaces in the lot. The structure insurance was recently renewed. The parking area is gated and has exterior lighting for the safety of the tenants and their families. The property is within walking distance of transportation stops, shopping and restaurants. It is also close to freeway transportation routes and their accesses ramps.
Property Sub Type:
Apartment
Property Attached:
Yes
Lot Area:
10,526 sq. ft.978 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1959
(Age: 67)
General Listing Location:
Los Angeles, C34 - Los Angeles Southwest
County Or Parish:
Los Angeles
Tenant Pays:
Cable TV, Electricity, Gas
Common Interest:
Community Apartment
Gross Income:
$164,802
Gross Scheduled Income:
$163,069
Net Operating Income:
$136,000
Rent Control:
Yes
Total Actual Rent:
$163,069
Land Lease:
No
Insurance Expense:
$3,900
Operating Expense:
$25,000
Professional Management Expense:
$0
Trash Expense:
$1,500
Water and Sewer Expense:
$1,500
Vacancy Allowance:
$2,000
Tax Lot:
4
Tax Block:
4
Manchester to Avalon turn south to Property on the right.