Description
$200,000 + Price Improvement!!! 5.59% Cap Deal!!! Realty Executives Commercial is pleased to present 732 South Ferris Avenue, an 8 unit apartment building consisting of (7) 1 Bed + 1 Bath units and (1) 3 bed + 1 bath. This property is situated in an excellent East Los Angeles neighborhood with very desirable single-story units on a large 10,626 square foot lot zoned LCR3. A new investor would appreciate the current income yielding a 5.59% cap rate and $212,375 cost per unit. Total rentable square feet of the building is approximately 3788 square feet. Property has a big yard and each tenant enjoys one parking space. Tenants also enjoy the convenience of being located near many shops and restaurants off of Whittier Boulevard's retail corridor, they are also within a short drive to the 5, 60, and 710 freeways. Property is located in the Unincorporated County of Los Angeles, the 'rent freeze' has been lifted and new owner can increase rents to applicable units. **DO NOT WALK ON THE PROPERTY - PLEASE DO NOT DISTURB TENANTS**
Location
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prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a
brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which
they are derived is protected by copyright. Compilation © 2022 San Diego MLS. Updated: 28th September, 2023 8:41 PM (UTC)
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of
an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a
brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which
they are derived is protected by copyright. Compilation © 2022 San Diego MLS. Updated: 28th September, 2023 8:41 PM (UTC)
Listing Office: Realty Executives Com. & Res.
