Off Market - Principals Only
20 Non Rent Control Units
Valley Glen, CA
Priced to Sell - $6,500,000






Property Highlights
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Non Rent Control
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Central A/C and heating
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80% Two Bedroom and Two Bath Units
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Additional Income from T-Mobil Cell Tower
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All units are sub-metered and pay for water
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10 Section 8 Tenants
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3 Low Income Units
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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.
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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)