Property Description

6628 Denver Ave, is a four unit apartment complex located in the City of Los Angeles. Constructed in 1964 and sitting on a large 5,401 SF Lot Zoned LAR2. Property consists of One unit boasts 3 bedroom + 2 bath ($1,000) , (2) 2 bed + 1 bath (SECT 8 $2,200) ($1,750) (1) 1 bed and 1 bath (NO PAY), totaling 3,179 SF. The property line is fully fenced and has one entrance. The property has ample on-site parking with 1 car per unit possibly an additional 2 more. This investment presents a 11.28 GRM and 6.15% Cap Rate on current rents. All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. Only 3 tenants are current on rent. Property will be sold as is