Courtesy of:
Buckingham Investments, Inc, Anthony Walker
Listing Sold By:
Buckingham Investments, Inc
Local Realty Services Provided By:
Keller Williams South East Los Angeles
Overview
What It'll Cost
Neighborhood
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9905 S Broadway, Los Angeles, CA 90003
9905 S Broadway, Los Angeles, CA 90003
Estimation provided by Keller Williams Realty, LLC.
Closed
Sold
Open House:
(Local time)
Property Description
Unique opportunity to own a huge non-rent controlled building built in 1991. Excellent unit mix with 10 two bedroom units and 2 one bedroom units. Well maintained property with all modern major systems. Controlled access to parking and units, new internet based security cameras, call box, and main entry door. Strong actual income at 11.5X gross plus a 14% upside in rents to a market GRM of 10.13X and a pro forma cap rate of 6.2%. Very well-parked with 22 gated parking spaces (4 currently used for laundry and storage). Recently fully tented and fumigated for pest control. Significant exterior refresh completed in 2018. Convenient location close to public transit, 4 miles to new NFL football stadium. Potential for additional income from cellular tower installation. 10 out of 12 units are rented to section 8 tenants.
Property Details
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Overview
Property Type
Multi-Family
Property Size
Year Built
1991
Days on Site
1,783 Days
Parking
22 Parking Spaces
Concierge
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Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
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Estimated Monthly Payment
Purchase Price:
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Transit & Commute
Estimated commute times from Broadway-Manchester North
Car-Dependent
Walkable
Very Walkable
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