MLS® ID: SB18164119MR
1129 N Rowan Ave
City Terrace, California, 90063 $540,000
Prime City Terrace Location, South of 10 Freeway and minutes from Downtown and California State University of Los Angeles. The Rowan Apartments is located in the unincorporated section of Los Angeles, just East of downtown Los Angeles and just blocks from the 5, 10, 60, 101 and 710 Freeways. This property consist of four 1 Bed/1 Bath units (two unpermitted/converted units) with 2,120 of rentable square feet of living space, and a large lot size of 4,505 square feet. The current property rents are significantly below market, creating a repositioning opportunity to generate strong cash flows and investment yields. The property is individually metered for electric and gas with the current owner paying the utilities. There’s a garage on-site with tenants utilizing street parking. Seller is Motivated!!!