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Turnkey cash-owing apartments in a good location such as this are hard to find! All units have been recently rented at close to market rents, provided a stabilized product and enabling a new owner to enjoy the income with minimal maintenance. The Lincoln Apartments are located on a large piece of land, with ample parking and garages that could be converted to ADU's. This is a great property to own and enjoy increasing cash flow over time
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We are pleased to present the opportunity to acquire The Somerset Apartments, a 9-unit single story apartment building located in Bellflower, CA. Built in 1952; the property offers (2) 2 bedroom units, (6) 1 bedroom units, and (1)studio unit. Each unit is spacious and some contain either a patio or small yard. Most units contain washer and dryer hookups. Parking includes garage, open, and covered parking. The Somerset Apartments offers an investor the opportunity to acquire an income producing asset with over 55% upside in rents and over a 6.0% cap rate on market rents.
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The Westmoreland Luxury Apartments, a 9 unit luxury apartment building located in Los Angeles, CA. Built in 2021; the property offers a mix of (3) 3-bedroom / 2-bathroom and (6) 2-bedroom / 2-bathroom units. Each elegant residence features a modern design with tile floors and high-end finishes, including Calacatta quartz-finished kitchens with chef-quality appliances and spacious living areas. These condo-quality units include a soundproof membrane for each deck and share wall to create a peaceful atmosphere. Don't miss the opportunity to own a brand new premium constructed apartment building where no detail has been spared. The property is not subject to Los Angeles RSO.
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