This 5-unit turn-key apartment complex in Historic Filipinotown (HiFi) has been renovated literally down to the studs and is an incredible opportunity for an investor wanting passive income. The building includes two 2 bedroom/1.5 bath units, two 3 bedroom/1.5 bath units, and one 3 bedroom/2 bath unit. Centrally located, the property sits around the corner from Silver Lake, Echo Park, and DTLA and is a short distance from the ever-evolving MacArthur Park and LaFayette Park areas, as well as from Westlakes' hot entertainment spots along Beverly Blvd. Being within easy reach of the Metro Red and Purple lines and minutes away from the 101,110, and 2 freeways, this property includes 10 resident parking spaces with the potential for generating additional income. Priced to sell at $2,550,000, this property has a GRM 14.59 and 5.13% cap rate. With every conceivable amenity within reach, this property will surely shine as the crown jewel in your investor portfolio.
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