Courtesy of: Kikuo Takahashi | Kasumi Realty, Inc.
Purchase Type: Sale
MLS ID: SB20177816
Days On Market: 140
Year Build: 1958
Lot size: 0.239
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 16204 S Orchard Avenue
County: Los Angeles
Neighborhood: 116 - North Gateway
Pool Features: None
This property is good for Residential or commercial use. *COVID-19. 1. LA City PCR test, . 2. Kitchen use with assigned cooking time zone for all tenants for breakfast, lunch, dinner cocking time to avoid the social distancing. *Seller Carry, up to $200K, 3.50% 30 year amortization loan with 3 year balloon payment! *All 8 bedrooms are "Room share Renting" situation! Amazing cap rate: 7.97%! (You may have the Rent Roll & Cap Rate sheets upon your request). *Great income property in Gardena! *Remodeling completed with building Permit (#180-10001-34463) from City of Los Angeles! *With 8 bedrooms + 5 bathrooms + Dinning & living rooms + 12 parking spaces + 7 refrigerators + 2 sets of washers & dryers in Laundry room + Solar system with 14 panels + 10,408 sqft (Huge size lot!). *A very good news!! We have 3 way options for management & investment! Option 1, we make 9th bedroom/sink, bathroom & Wet Bar (rent,1,350). Seller is ready to get the building permit! Construction cost will be 28,000! Cap rate, Amazing, 9.81%. Option 2, we make 9th bedroom/sink, bathroom & Wet Bar (rent,750), this room to be lived with on-site manager. Cap rate, 8.88%. Option 3, we make 9th bedroom/sink, bathroom & Wet Bar (rent,1,350). And you can hire an experienced person or this seller as an experienced manager.
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