Active Under Contract $849,000
MLS #: SB18218080 | Built 1950 | Lot Size: 0.000000 Acres | Area: 112 - North Lawndale | Type:
This is a solid investment. Fully occupied with good paying residents. Enjoy the benefit of utilizing the rental income to pay off the mortgage! This is a non-rent control area with upside potential in the rental rates to allow for a nice cash flow. Each of the three 2 bedroom “homes” has its own parking between buildings and no common walls. The unit layout/configuration is very desirable for residents as it creates the feeling of living in a single-family home. This low maintenance property has recently had the exteriors freshly painted and appears to be in good overall condition. The City of Lawndale is centrally located and provides easy access to freeways, shopping, dining, parks and is just minutes to Manhattan Beach. The solid demand for quality rental housing, continued economic growth in the South Bay and the high cost of home ownership all support strong fundamentals for this investment. Drive by only, please do not disturb residents. Offer subject to inspection.