LOCATION, LOCATION, LOCATION! Don’t miss – rare opportunity, 1st time on the market in over 40 years! Property borders the upscale residential neighborhood of Friendly Hills, located north of Whittier Blvd. This 9 unit building has an excellent unit mix of 2 two bedroom units, 6 one bedroom units, and 1 studio unit. Low maintenance building. Super easy to rent. Super low vacancy. Walking distance to Ralph’s, Trader Joe’s, Starbucks, and much more! Many very long-term, high quality tenants with rents below market, gives a large potential for upside in rents – see proforma numbers. The all electric units are separately metered and each has its own water heater, carport with storage, window A/C unit, and refrigerator. There is also ample street parking. Money-making coin laundry on site. No rent control other than the statewide one.
Listing courtesy of Thomas Santoro from Crane Real Estate
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