Part of a Portfolio! Can be sold individually or as a portfolio. 602 W 75th is a 16 unit apartment building in South LA, south of Florence, between Vermont and the 110 Freeway. The subject property offers an investor a great unit mix consisting of (11) 1 Bed / 1 Bath, (4) 2 Bed / 1 Bath, and (1) 3 Bed / 1 Bath. There is excellent day 1 cash flow being offered at a 9.16% cap rate and 6.66 GRM. The total gross leasable area of the building is 10,032 square feet and sits on a 7,002 square foot lot zoned LAR3. The adjacent 3 bed/1 bath house is also for sale from the same owner for $650,000. Please inquire with listing agent for additional details.
