Description
This 4-Unit apartment building located on 2309 Hauser Boulevard consists of 4,712 square feet of building on a 5,269 square foot lot in the middle of Mid City. The property has a very high income producing unit mix consisting of (4) 3B/2B units that average 1,200 square feet. One of the four units are currently vacant and provide for an owner-user opportunity. Three of the four units have beautiful renovations to the kitchens, bathrooms and floors. Two of these renovated units have in-unit Washer/Dryer. There is also a coin operated laundry machine for additional income. The only non-renovated unit is occupied by a Section 8 tenant. Current rents are 21% below market, providing the opportunistic investor with a more aggressive management style the ability to raise rents and achieve higher cash on cash returns in one of the fastest growing parts of Mid City. The property's curb appeal is one of the best on the street and the building has been impeccably maintained by current management.
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12BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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4,712SQFT
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$346$/SQFT
School Ratings & Info
Description
This 4-Unit apartment building located on 2309 Hauser Boulevard consists of 4,712 square feet of building on a 5,269 square foot lot in the middle of Mid City. The property has a very high income producing unit mix consisting of (4) 3B/2B units that average 1,200 square feet. One of the four units are currently vacant and provide for an owner-user opportunity. Three of the four units have beautiful renovations to the kitchens, bathrooms and floors. Two of these renovated units have in-unit Washer/Dryer. There is also a coin operated laundry machine for additional income. The only non-renovated unit is occupied by a Section 8 tenant. Current rents are 21% below market, providing the opportunistic investor with a more aggressive management style the ability to raise rents and achieve higher cash on cash returns in one of the fastest growing parts of Mid City. The property's curb appeal is one of the best on the street and the building has been impeccably maintained by current management.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.