4 Unit Apartment Complex

McAlpin and Company just listed a four unit apartment complex in South Los Angeles. The site is on Central Avenue which is just east of the Harbor Freeway between Manchester and Century Boulevard. This is a clean building listed at a very attractive price. The property is listed at remarkable 9.37 GRM and a 7.46 CAP rate, unheard of numbers for a four units. The unit mix is 1-One Bedroom - One Bath unit, 2-Two Bedroom - One Bath units and 1-Three Bedroom - One Bath unit. The units are separately metered for utilities. Seller states that significant upgrades have been made to plumbing system.

Clean Building Attractive CAP of 7.46 Must Sell Very Motivated Seller Excellent GRM of 9.37

Sq Ft: 3,096 Yr Built: 1930 Asking: $565,000   Address: 9522 Central Ave Los Angeles, CA 90002 Property Map

Jerome McAlpin 310.437.4172 Contact Agent Lic#: 00939725	McAlpin & Company 8055 W. Manchester Avenue Suite# 705 Playa del Rey, CA 90293 310.437.4172

Information deemed reliable but not guaranteed.
Agent and/or buyer to verify all information.