8218 Wall St, Los Angeles, CA 90003

8218 Wall St, Los Angeles, CA 90003
  • $339,000

Description

This REO four-plex just received a MAJOR REHAB! Major roof work was just completed, the exterior of the property was just painted and the two vacant units were completely remodeled. The vacant 4 bedroom / 2 bath house that was completely rehabbed is perfect for an OWNER USER! Two of the tenants have been long-term tenants. The 2 bedroom / 1 bath house occupied by one of the long-term tenants is being rehabbed right now. This investment opportunity consists of 2 separate houses and a duplex. The property has a great unit mix of a 4 bedroom / 2 bath house; a 2 bedroom / 1 bath house; and 2 one bedroom one bath units in the duplex. This REO four-plex is offered at $329,000 and has the potential to generate an approximate fifteen (15%) percent cash on cash return by leasing the 2 vacant units at market rents. At the list price the potential GRM is only 7.26 GRM, $82,250/unit and $118.77 per sq. ft. Capitalize on historically low four unit financing and don’t miss out on this one of a kind REO!

  • Address 8218 Wall St
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90003
  • Country United States

Details

Updated on October 11, 2018 at 10:50 pm
  • Price: $339,000
  • Property Size: 2770 Sq Ft
  • Property Type: Multifamily
  • Property Status: Sold

Overview

  • Multifamily
  • Property Type
  • 2770
  • Sq Ft

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