Stop paying rent and start collecting it. Live in one unit of this 4-unit property in the Florence area of Los Angeles and let the other three help pay the mortgage. The property has 2 separate structures on one lot. The front building holds 3 remodeled units, and the detached rear unit is in original condition, ready for updating. Every unit is a 2-bedroom, 1-bath floor plan, 3 of the 4 units include a garage space, and units are separately metered for gas and electric. At projected market rents, gross scheduled income is approximately $9,380 per month, or $112,560 per year, making this an equally strong hold for an investor. Close to shopping and dining along Florence and Manchester Avenues, schools, bus lines, the Metro A Line, and the 110 and 105 freeways.
Listing courtesy of Listing Agent: Bret Lewis (BretRealty@gmail.com) from Listing Office: Bret Lewis, Broker.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.