Condominium buy in Parklabrea California

Over 44% Upside!!! Originally built in 1954, the two-story garden style property consists of eight (8) one-bedroom and one-bathroom units. Six of the eight units are occupied by Section 8 tenants which adds a strong safety net against the current Rent Moratorium that's in place for financial hardships due to Covid-19. One unit is currently vacant and will not be rented which will allow investors to capitalize on market rents. The roof on La Mirada was replaced in 2019. La Mirada also features an on-site laundry facility, and gas & electricity are separately metered. Opportunity to convert the covered parking in to an ADU. No Soft Story Retrofit Requirements. MLS® ID: 22151119 Listed: 3/24/22 Updated: 10/17/22 Interior Features Total Bedrooms: 8 Total Bathrooms: 8 Interior Features: Ceiling Fan(s) Laundry Description: Common Area Heating: None Exterior/Building Features Lot Size: 7,501 ft2 lot Other Property Details Area Name: C20 - Hollywood Garage: No Parking: Carport, Driveway, Gated Parking Total: 8.0 View: N County: Los Angeles Pool: No Total Stories: 2 Zoning: LAR3 Property History Date Event Price Value 9/30/22 Price Change $2,025,000 0% 7/19/22 Price Change $2,045,000 -2% Courtesy of Matthews Real Estate Investment Services, Daniel Withers, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.