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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0BEDS
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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 California Regional Multiple Listing Service, Inc. as of 2021-04-20T12:27:29.82. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.