312 N Ave 50, Los Angeles, CA 90042

Property Description

Public Remarks: This is one of the best multi-family opportunities in all of NELA right now. First, it has been thoroughly and meticulously renovated by the owner himself both inside and out, and is, quite simply, a work of art. Secondly, it is priced at a level where one can actually have some modest cash flow, even with the 3 bed unit currently running at below market. Whenever that unit goes vacant, it will increase in cash flow tremendously, raising the cap rate to 5.8! Thirdly, if one is looking for a multi-family where they would live in one of the units and defray their mortgage with the income from the other two, this is probably one of the most perfect scenarios for that model. The 3 bed 3 bath unit in front is spacious and beautiful, and the two singles (both at market rents) in the rear are detached from it and do not encroach on it at all. Plus, there's plenty of parking for all 3 units and the whole property is so private it sets up like an 'urban oasis!' Come check it out