Mar Vista 4 Plex – Excellent Investment Opportunity
Located just two miles from the ocean waves of Venice Beach, in the heart of Mar Vista and the trendy West Side, this well maintained 4 unit income property promises an investment opportunity that will be in demand for years to come. The 2 bedroom, 1 bath main house is the first to greet you as you enter the property. Located in back are two rental units each with 2 bedrooms and 1 bath as well as an additional studio apartment. The studio apartment was partitioned from one of the rear units. All units are fully rented with long-term quality tenants and a gross rent multiplier of 13.38. After subtracting taxes the CAP rate is 5.76. Recent upgrades include new roof and sewer lines, copper plumbing and more. Please contact me for a flyer or more information about this property.