Presenting an interesting Mid-City 4plex located at 1605 Vineyard Avenue, LA 90019. The property features a solid unit mix with one 2+1 front home; two 2+1 units (build in approx. 2007 & not subject to rent control), and one 1+1 unit. The total rentable SF is 3,212 SF so all four units are good sized. The units have also been well-maintained by the current owner so they’ll only require minor interior renovations to obtain full market rents. The gross income will be approx. $7,110/month; $85,320/year once the vacant units are rented at market rate allowing the new owner to add immediate value & see positive cash flow from day 1 here. Only a stone’s throw from the national retail Midtown Crossing shopping center, this area has witnessed rapid growth and appreciation over the recent years & a ton of redevelopment is also occurring locally now too. The lot size is also large at 7,499 SF, and it’s zoned RD1.5 allowing for the potential future redevelopment of the lot with 5 new condos units as a long-term play.

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