9512 Croesus Ave 9512 Croesus Ave 6 Unit Apartment Building For Sale Los Angeles, CA 90002

Introducing a unique opportunity for savvy investors to acquire a 6-unit multi-family property, strategically located in a thriving neighborhood. This property features individual units, each providing privacy and independence, alongside ample parking for all residents—a highly sought-after amenity that enhances tenant appeal.
Key Highlights:
100% Occupied: All units are currently rented with long-term tenants who consistently pay on time, providing a stable and reliable income stream. With leases set to expire in July, this offers an excellent opportunity to increase rents soon and maximize your investment.
Value-Add Components: This property presents significant value-add opportunities, including cosmetic upgrades, modernization of interiors, and the potential for increased rent through enhanced amenities. Initial assessments indicate a strong upside in rental rates with updates to kitchens, bathrooms, and common areas.
Section 8 Housing Potential: Located in an area conducive to Section 8 housing, investors can tap into a reliable stream of income through government-assisted housing programs, ensuring consistent cash flow and occupancy rates.
Prime Location: The property is conveniently situated near shopping centers, diverse dining options, grocery stores, and schools, providing tenants with easy access to essential services. Furthermore, proximity to the freeway ensures swift commutes, making it an attractive option for potential residents.
Parking: Each unit is allocated parking, a significant advantage in multi-family living, enhancing tenant satisfaction and reducing turnover rates.
Whether you are looking to expand your real estate portfolio or enter the multi-family market, this property offers a compelling investment opportunity with excellent fundamentals. Don’t miss out on the chance to capitalize on its potential—schedule your visit today and explore the possibilities!