Description:

Owner motivated. Price reduced by $129,000. Perfect starter 4 unit investment in Atwater Village. Subject consists of (2+1) single family home in the front plus 3 units (1+1) in the rear. This is a value-add opportunity. Rents are well below market with actual rents of $45,828. The subject needs TLC. Rents in the area range from $1,500 for 1 bedroom units and $2,500 for 2 bedroom homes. The property has separate electric and gas meters. Low utility bills with each unit having its own water heater. Much of Atwater Village lies along Los Angeles River. Atwater borders Griffith Park, Silver Lake, Glendale and Glassell Park. Less than 2.5 miles to Downtown Glendale with the Americana at Brand shopping/dining complex, Griffith Park, LA Zoo and the Autry Museum. Also conveniently located to the nearby Golden State (5) and Ventura (134) Freeways. See rent roll and offering memorandum in supplements.

Presented by:

Glenda  Keeney-Gibson

Director

(480) 629-5300

(602) 622-0818

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Listed by:

Mayelian Group