Are you tired of all the so called "income properties" coming up at more than 20 x the gross annual rents and a cap rate of about zero? If so, this property is exactly what you've been looking to add to your real estate portfolio. It a sweet low-maintenance 1950's fourplex located in a wonderful area of San Pedro and at 15.3 x gross annual rents and a 4.4% cap rate, it even makes great financial sense. One unit has just been freshly painted, newly carpeted and is move-in ready. The others are tenant occupied. New main water line from meter to building was recently installed. There's a large parking area for 8 cars in the back of the building as well as a community laundry room. This property is in a great area that's just minutes from freeway access, the downtown business district, the waterfront redevelopment and the ocean bluffs. It makes just as much sense for an owner occupant as it does for an investor so it's sure to attract alot of attention. DON'T MISS IT!!!
Are you tired of all the so called "income properties" coming up at more than 20 x the gross annual rents and a cap rate of about zero? If so, this property is exactly what you've been looking to add to your real estate portfolio. It a sweet low-maintenance 1950's fourplex located in a wonderful area of San Pedro and at 15.3 x gross annual rents and a 4.4% cap rate, it even makes great financial sense. One unit has just been freshly painted, newly carpeted and is move-in ready. The others are tenant occupied. New main water line from meter to building was recently installed. There's a large parking area for 8 cars in the back of the building as well as a community laundry room. This property is in a great area that's just minutes from freeway access, the downtown business district, the ...
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