6 Unit investment opportunity located in the desirable city of Monterey Park, California. The 5315 square foot building was constructed in 1960 and consists of six large two bedroom/one and a half bathroom floorplans of approximately 886 square feet. The two-story property sits on an 8214 square foot parcel and is individually metered for gas and electricity and has a central hot water heater. The subject property presents a great opportunity for an investor to acquire a well-located value add apartment community with over twenty percent rental upside. The property features a spacious patio or balcony for each unit, six tandem parking spaces (twelve total), storage bins in the carport area. The forecasted rent is $9400 per month which is based on the seller's appraisal report. It is a very investment project
6 Unit investment opportunity located in the desirable city of Monterey Park, California. The 5315 square foot building was constructed in 1960 and consists of six large two bedroom/one and a half bathroom floorplans of approximately 886 square feet. The two-story property sits on an 8214 square foot parcel and is individually metered for gas and electricity and has a central hot water heater. The subject property presents a great opportunity for an investor to acquire a well-located value add apartment community with over twenty percent rental upside. The property features a spacious patio or balcony for each unit, six tandem parking spaces (twelve total), storage bins in the carport area. The forecasted rent is $9400 per month which is based on the seller's appraisal report. It is a very investment project