1212 Amalia Avenue, East Los Angeles, Los Angeles County, CA, 90022 Los Angeles CA US

We are pleased to present the great opportunity to invest in a value add 10-unit Spanish style building. Owner will carry financing at 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 remodeled. 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 and rent increases can range from 3-8% (depending on CPI) starting in January 2023. Accessible to the 5, 60, & 710 freeways and approximately 5 minutes from Citadel Outlets and Commerce Casino. Find out more about this property. Request details here