Off Market - Principals Only

20 Non Rent Control Units

Valley Glen, CA
Priced to Sell - $6,500,000

Property Highlights

  • Non Rent Control

  • Central A/C and heating

  • 80% Two Bedroom and Two Bath Units

  • Additional Income from T-Mobil Cell Tower

  • All units are sub-metered and pay for water

  • 10 Section 8 Tenants

  • 3 Low Income Units

  • At the moment owner has three 2+2 units with low income tenants but the properties low income covenant allows two of the low income units to be 1+1 units providing an opportunity to increase income by filling the two 1+1 units with low income tenants instead.

  • Buyer to assume loan of $3,260,000 @ 3.47% for 3.5 years or pay a pre-pay penalty of $100K(3%, drops to 2% 9/2020). Loan becomes variable in 12/2023. Owner pays gas & electric for units 301, 302, 303 & 304 (top floor)

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(310) 836 3638

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Inquiries

Licensed Agent | CA DRE# 01898026

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