Description
We are pleased to present our exclusive listing of 9 Units located on Navarro Street in the heart of El Sereno (Los Angeles). The subject property is situated adjacent to Alhambra and within 3 Blocks to Huntington Drive. An Excellent Unit Mix of Studio, 1 and 2 Bedroom Units and is comprised of (TWO) 2 Bedroom + 1.5 Bathroom, (FIVE) 2 Bedroom + 1 Bathroom, (ONE) 1 Bedroom + 1 Bathroom and (ONE) Studio Unit. Total rentable square footage of the building is approximately 7,046 sq. ft. (built in 1964) on a 7,132 sq. ft. Lot zoned LARD2. Tenants enjoy the convenience of on-site parking and on-site laundry room while Landlord enjoys the additional income from the machines. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-94%. This property's Seismic Retrofit was Completed in 2019 and is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Property is located within a short drive to CSULA & the 10 Freeway. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $700,000) at 3.15% Fixed until 11/01/2026.
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15BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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7,046SQFT
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$283$/SQFT
School Ratings & Info
Description
We are pleased to present our exclusive listing of 9 Units located on Navarro Street in the heart of El Sereno (Los Angeles). The subject property is situated adjacent to Alhambra and within 3 Blocks to Huntington Drive. An Excellent Unit Mix of Studio, 1 and 2 Bedroom Units and is comprised of (TWO) 2 Bedroom + 1.5 Bathroom, (FIVE) 2 Bedroom + 1 Bathroom, (ONE) 1 Bedroom + 1 Bathroom and (ONE) Studio Unit. Total rentable square footage of the building is approximately 7,046 sq. ft. (built in 1964) on a 7,132 sq. ft. Lot zoned LARD2. Tenants enjoy the convenience of on-site parking and on-site laundry room while Landlord enjoys the additional income from the machines. In this limited market inventory and with a substantial improvement approach, a new investor may bring this value-add potential to its rental upside of +/-94%. This property's Seismic Retrofit was Completed in 2019 and is a great asset for an exchange purchase or an investor seeking growth & stability in a desirable rental community. Property is located within a short drive to CSULA & the 10 Freeway. Please Note: Buyer to Assume CHASE Loan (with an Approx. Balance of $700,000) at 3.15% Fixed until 11/01/2026.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T16:33:12.003. 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 deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.