Figure 8 Realty Agent Scott Harvey Represented Buyer.
Cash machine! 4932 Attractive triplex in peaceful area near Leimert Park.
Starting in 2016, our client will start generating 54K in Gross Income! GRM = 10.4, Cash on Cash Return = 14.7%! Amazing low expenses due to Seller upgrades and value add. All three of the units have been completely rehabbed, with new floors, granite countertops, kitchen cabinets, carpets, doors, bathrooms, baths, sinks, and more. The jewel in the crown is the 2BD/1BA Craftsman style front house, which has been renovated to replicate the original interior architecture. FRONT UNIT TO BE DELIVERED VACANT OR RENTED! Stable, long-term tenants (1+ years). Exceptionally low monthly costs and tenants pay ALL utilities. 200 sq. foot bonus room and washer/dryer located in front unit. Expanded driveway. Major landscaping (includes conversion to complete drought-tolerant pants and top of the line artificial turf resulting in considerable water savings). Driveway gate. Private patio with each unit. Side yard for BBQ. On-site parking for 3 cars or more. This is a cash cow!
