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7116 Ethel Ave
7116 Ethel Ave,
Los Angeles, CA 91605
 
$999,000
Price
13.73
GRM
$166,500
Price Per Unit
6
Number of Units
0.68%
Cap Rate
4,740
Building SF
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$999,000
Price
13.73
GRM
$166,500
Price Per Unit
6
Number of Units
0.68%
Cap Rate
4,740
Building SF
OVERVIEW
Incredible opportunity to acquire a clean 6-unit apartment complex ripe for value enhancement, located at the prime address of 7116 Ethel Ave. Discover the potential for substantial return on investment as you unlock the hidden value within this multifamily gem. Rents are 40-50% below market. Prices per unit range from $175,000-185,000/unit.
Unlock the potential of this investment opportunity with below market rents that promise a lucrative return on investment. Discover the untapped value of 7116 Ethel Ave and seize the chance to maximize your profits. Don't miss out on this rare chance to elevate your portfolio with this income-generating gem.
Drive into this investment opportunity with covered parking for 6 cars, ensuring convenience and protection from the elements for your tenants.
Boasting a quiet location and excellent potential for a high potential ROI, this property is a hidden gem waiting to be discovered by savvy investors.
Market Rents are $2,400/month for the 2/1 Units and $1,950 for the 1/1 Units. Proforma annual rent is $162,000 or $13,500/month based upon market rents ($2,400/month x 4 units & $1,950/month x 2 units).
FOR MORE DETAILS CONTACT
Stephen Bethel
National Director
(213) 439-9956
sbethel@fraziercapital.com
01242276
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