LOS ANGELES CA,. TREMENDOUS DEAL CAP RATE (7+%) GREAT AREA -89% OCCUPANCY...A-1 CONDITION DEFINITE UPSIDE, UNDER MARKET RENTS -A 21 - LOS ANGELES 26 UNIT MULTI-FAMILY GEM, 100% PURCHASE PRICE IS FIRM AT $3.999,000.00M, PLUS 3% Multi-family asset is located at 11th Avenue, Los Angeles, California, in the Hyde Park/Windsor Hills area of Los Angeles The building is immaculate. The building is now 100% occupied and the property is completely stabilized Inside the building you feel like you are in a building on the Westside or Sherman Oaks. Very Good Condition. New Carpets, tile entryways, granite counters, crown moldings, wood blinds in the vacant units. Very clean and well kept. The unit mix is 3- 3 bed and 2 bath 4- 2 bed and 2 bath 1 - 1 bed and 1 bath 18- 2 bed and 1 bath 8 Units are section 8 7+% cap rate 26 of the 26 units are rented 100% occupancy rate Tenants Pay gas and electric Owner pays water and trash TO MOVE FORWARD: MUST HAVE OUR NCND SIGNED. REVIEW THE RENT ROLL AND FOLLOW PROTOCOL TO ENGAGE THE SELLER. BUYER AND BUYERS AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT BUYERS COMPANY WEB-SITE AND/OR BIO. EXECUTIVE SUMMARY. BUYERS SIGNED ASSET SPECIFIC LETTER OF INTENT. BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY. BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYERS PACKAGE.
Posted on: Mon, 31 Mar 2014 20:27:57 +0000
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