Los Angeles, CA 90031
Subject property is currently used as a sewing factory and manufacturing workshop. It generates good income (5.76% Cap Rate) and has potential for other types of uses. 3 Units on Property are 100% Leased. Rent collected is $5000/M. Net income is $45,000. Owner occupied unit rents for $3000, and the owner can move out on close of escrow, or sign a 3 year lease. The 2 Smaller Units are rented month to month for $1200 and $800/Month. There are 4 restrooms total (2 in the bigger unit and 1 In each of the other units). Property has 3 electric meters and 1 water meter. Subject property has great access to freeways 5 and 110, and is located in the Lincoln Heights area. It is centrally located with proximity to transportation and nearby residential neighborhoods for labor force. Comments Title: Lincoln Heights Warehouse/Sewing Factory.
Josephine Yang with Coldwell Banker
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