Rosano Partners is pleased to present this opportunity to acquire an eight-unit apartment in Toluca Lake. Built in 1964, this two-story apartment is comprised of six 2Bed/1Bath and two 3Bed/2Bath units. This is a value-add deal with 52.6% upside in rents, perfect for investors in a 1031-Exchange looking for a stabilized investment with long-term upside. A brand new roof, 100% copper plumbing, and new water heater were installed in 2014. Three units have been recently remodeled with laminate floors, tiles, and kitchen cabinetry. Eight parking spots reside on the property. 2018 Average Household Income within 3 mile radius: $98k. Motivated Seller.
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Listing Courtesy ofRosano Partners