Description
Over 44% Upside!!! Originally built in 1954, the two-story garden style property consists of eight (8) one-bedroom and one-bathroom units. Six of the eight units are occupied by Section 8 tenants which adds a strong safety net against the current Rent Moratorium that's in place for financial hardships due to Covid-19. One unit is currently vacant and will not be rented which will allow investors to capitalize on market rents. The roof on La Mirada was replaced in 2019. La Mirada also features an on-site laundry facility, and gas & electricity are separately metered. Opportunity to convert the covered parking in to an ADU. No Soft Story Retrofit Requirements.
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8BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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5,481SQFT
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$369$/SQFT
School Ratings & Info
Description
Over 44% Upside!!! Originally built in 1954, the two-story garden style property consists of eight (8) one-bedroom and one-bathroom units. Six of the eight units are occupied by Section 8 tenants which adds a strong safety net against the current Rent Moratorium that's in place for financial hardships due to Covid-19. One unit is currently vacant and will not be rented which will allow investors to capitalize on market rents. The roof on La Mirada was replaced in 2019. La Mirada also features an on-site laundry facility, and gas & electricity are separately metered. Opportunity to convert the covered parking in to an ADU. No Soft Story Retrofit Requirements.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-01-29T07:42:41.767. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.