Residential Income In Los Angeles

First time on the market in several years, this five-unit residential property features a three-bedroom single family home plus a four-unit building. The apartment building is a two-story building consisting of four (4) one bedroom one bath units. The single-family home consists of three-bedroom one bath unit. This three-bedroom unit is currently vacant. Long term tenancy may explain the rents, however, there exists a very lucrative upside soon for the astute investor. Interior inspection only upon an accepted offer. Drive by only. DO NOT DISTRUB TENANTS! Centrally located within minutes of the 110 and 10 Freeways, this location provides access to major shopping areas in midtown Los Angeles, minutes from West Los Angeles and Beverly Hills. Near by educational opportunities abound with University of Southern California, Los Angeles City College, with minutes away with all the cultural opportunities afforded to the greater Los Angeles area, The Hollywood Bowl, the Disney Concert Hall and many more. Property is sold in ”its current present condition.” Buyer to rely solely on Buyer’s independent investigations. Drive by only. Upon an accepted offer, Buyer shall have the right to inspect the property at Buyer’s expense and rely solely on buyer’s inspections and investigations. Property is sold for All Cash, or Cash to New Loan. The seller shall select all services, including escrow, title services and pest control services, if applicable. Please contact listing agents for more information. The seller shall participate in a 1031 exchange as a result of this transaction. Seller requests Buyer’s cooperation in such exchange and agrees to hold Buyer harmless from all claims, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.