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Sold for $2,450,000 on Aug 9, 2019
5.9 CAP RATE & 10.4 CASH ON CASH !!! GREAT INCOME PERFORMING COMPLEX - This 10 unit multi-family complex with extensive capital expenditures and over $400,000 in capital improvements that Consisting of a very open and spacious layout, each unit has with brand new electrical, plumbing, all windows, walls, can provide a detailed list of all work done including, brand new custom kitchen cabinets with matching nutmeg granite counter, with new garbage disposal, faucet, bathroom vanity's, fixtures, doors. knobs, half mirrored closet doors, recessed lighting, lighted nickel platted fan and more. each unit also comes with there own recently purchased, stainless steel refrigerator, stove with oven and overhead microwave range. Safety and security is a top priority by providing a secure keyed entry, and remote gated access for all community vehicles to and from assigned carport space for each apartment. The complex also provides a community laundry area with brand new owner owned coin-operated washer and dryer machines that come with a 3 years service warranty. Balerno Castle also is offering it's limited warranty on roof, plumbing, electrical, and mechanical, with options for extensions please ask agent for additional information from listing agent. Don't miss out this opportunity to own in one of the few non rent control city's in Los Angeles county. "DON'T FORGET TO REVIEW THE PURCHASE ANALYSIS"