Cash Flowing

Newly Remodeled Fourplex in the Most Desirable Neighborhood for Sale!

612 N Genesee Ave, Los Angeles, CA 90036

$3,100,000 After Repair Value -
$3,100,000 Asking Price -
$0 Cost of Repairs =
$0 Potential Profit

Property Details

Asking Price $3,100,000

After Repair Value $3,100,000

Costs of Repairs $0

Potential Profit $0

Living Area 4742 ft2

Property Type 4-Plex

Bedrooms +7

Bathrooms +7

Half Bathrooms 0

Parking 4

Listed with Agent Yes

EPI (Estimated Potential Income)

Potential Rental Income $171,108

Yearly Expenses $49,135

Property Taxes $36,563

Net Operating Income $121,974

Cap Rate 3.75%

Property Description

Walking distance to shops, restaurants and much more. The building has been completely remodeled and contemporary art deco 4-plex with all units boasting a two-bedroom and two-bathroom open floor plan. Custom finishes throughout, new stainless steel appliances, new tri-zone AC and heating, new copper supply plumbing, all new electrical wiring and panels, new energy efficient appliances and fixtures, new windows, security cameras throughout the building, exterior stucco, new roof, bolted /earthquake retrofit foundation and much more. Property has been strategically constructed with superior finishes to enhance operating and management efficiency. In-unit washers and dryers. 7-car parking with each unit having an automated and private garage. Fully occupied. Easy to manage with solid tenants. Call for more details. OM Package available upon request.

CONTACT LISTING OWNER

alexis kim

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