3148 James M Wood Blvd, Los Angeles, CA 90006

PRICE REDUCED $100,000. 3148 James M Wood Blvd. is an eight -unit apartment building originally constructed in 1952 and thoroughly renovated, both exterior and interior, to modern high-end spec in 2020. (Current GRM and Cap Rate assumes lease up of vacant units 3154 and 3158 at market rent). The unit mix consists of two large 1 bed+1bath units and six large1bed+1bath+den units. All tenants at the property are new since the renovation was completed in 2020. Each unit features a large floor plan and includes an in-unit washer/dryer and individual hot water heaters. Units also feature large open kitchens, living areas and bedrooms. Each unit features an above average amount of window coverage, creating ample natural light. Another unique feature of the property is that all units have access from both the front and rear of the building. In addition to the standard separately metered gas and electricity, there are no common-area trash or gas costs to the landlord, so the utility costs at this property are significantly lower than most comparable properties. The current owner is also charging a reimbursement for water and sewer to 4 of the tenants in their leases. A new owner will be able to increase this to all tenants in new future leases. Parking is provided on-site with five single spaces.