Purchased in February 2014 for $1,600,000. GRM was 8.5, with GRI approximately $140,000 annually. Half of the units use Section 8 vouchers for rental payment.
Newly repainted
Since purchase, buyers have started a capital improvement campaign in which a new gutter system was installed, 3 units were rehabbed, and new interior landscaping added.
Park Mesa Heights, Los Angeles 14 BD / 12 BA
Investors will make $90,000 in annual Net Operating Income (NOI). Valuation is projected to increase by over 5% in the next year.