1212 Amalia Avenue, East Los Angeles, CA 90022

Property Description

We are pleased to present the great opportunityto invest in a value add 10-unit Spanish style building. Owner will carry financingat 4.5%! The building is offered at a current cap rate of 4.8 and GRM of 13.99. The building consists of one 2 bedroom/1 bath and nine 1 bedroom/1 bath units. Six of the units have been updated. All units include in-unit washer/dryer hookups and there are eight separate garages. The property is separately metered for gas and electricity and upon tenant turnover, a buyer can utilize RUBs to allocate the cost of the water to the tenants. Located in the Unincorporated area of LA, the property is not subject to City of LA rent control. Accessible to the 5, 60, & 710 freeways and approximately 5 minutes from Citadel Outlets and Commerce Casino.