616 S Ford Blvd, East Los Angeles, CA 90022

Property Description

Attention Investors- Looking for an investment property that is meticulously maintained, comes with paying tenants, and has lucrative rental rates in place? Than this is the one! 4 pride of ownership units offered for sale located in the heart of East Los Angeles. The property consists of all single-story units distributed amongst 3 separate structures. The first structure is a duplex, of which both units are 1 bedroom/1 bathroom. This building has undergone a major renovation with new copper plumbing, new main electrical panel, new individual subpanels, new electrical wiring throughout including plugs and switches, as well as fully remodeled modern style kitchens and bathrooms. These 2 units also have individual washer/dryer hookups as well as brand new appliances. The second structure is a detached 1 bed/1bath cottage with private washer/dryer hookups. The third structure is a detached 2bed/1bath cottage with private washer/dryer hookups. All units 100% tenant occupied and all rental payments current. All structures have brand new vinyl windows, as well as brand new exterior stucco. Driveway and parking area was recently replaced with brand new concrete and offers 6 tandem parking spaces. All units are separately metered for Electricity and Gas while the owner pays for water and trash. Great rental location close to schools, shopping and transportation. Great opportunity to buy Los Angeles real estate at a 5+%CAP Rate, and 14 GRM, which all amounts to positive cash-flow!