BOM. Buyer failed to perform. This is quite possibly in the top 1 percentile of awesome real estate investment opportunities in the 'small multi-family' genre in all of L.A.! For one thing, it will yield 10% cash on cash return. I defy you to find any good property in a good location in L.A. that gets that kind of return. For another, the current owner has done a thorough job on the upkeep of the property. In other words this property will stand up well to a licensed home inspection. For another, it is a 2-on-a-lot, i.e. no common walls, with each unit having its own distinct outdoor space. And, finally, Lincoln Hts is exploding! All those tenants and owners who have been priced out of Echo Park, etc., who wanted to be near downtown have fled to Lincoln Hts and surrounding n'hoods. They are rapidly making it over into the kind of n'hood they would like to live in. Make this YOUR next addition to your RE portfolio, or live in one of the units while receiving the income from the other.
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Listing Courtesy ofSilverwood Properties