5 Units - SFR + 2 Duplexes 1035 S Woods Ave 5 Unit Apartment Building $2,795,000 ($559,000/Unit) 6.84% Cap Rate East Los Angeles, CA 90022

WOW New Construction apartment building desirable area of East LA. This property sits in the border line of Commerce, South Montebello, and only walking distance from the popular and famous Citadel outlets. Conveniently close to major transits, this property sits adjacent to 5 FWY, 710 FWY, 60 FWY, 101 FWY, 10 FWY, and only 10 min away from Downtown Fashion District. Great 92 walk score, 59 transit score, and 59 bike score. Investors get to enjoy a nice cash flow off this asset with a pro-forma of $255,600 in annual gross rents. Amazing est. 6.8% CAP rate and a 10.9X GRM. Property has total of 21 bedrooms and 22 baths (2 en-suites per unit). The unit breakdown consists of: 3 buildings (SFR and 2 duplexes). Four units consist of 4/4 and 1 unit that is 5/4. All tenants have parking space. Property comes with 7 car garages (potential added play to add ADUs)and long driveway to accommodate all tenants. This asset has all the modern touches in today’s market such as laminate flooring recessed lighting, central AC and heating, washroom, PAID OFF solar systems, and very low expenses for landlords. All units have separate utilities including water meters. Nearby retailers and businesses include US Postal Office, Bank of America, Pollo Loco, Starbuck, Target, LA Community Hospital, The Commerce Casino, and many more. Come check it out before is gone!