Great Deal Alert $439,000 - 4-Plex
Fully renovated 4-plex in a decent location.
It’s not often we see a vacant, fully renovated 4-plex in a decent location, yet here one is. And, yes, at the asking price it definitely ‘pencils out.’
I have the rents at approx $900 for each 1 bedroom and $1400 for the 2 bed. With 25% down I am showing a cash on cash return of a whopping 18.5% ! Granted, El Sereno is a bit off the beaten track, but frankly is a community on the rise, and most definitely directly in the ‘path of progress.’ If you want more info or want to see it, let me know. At these numbers it will not be there long.