117 N Toluca Street, Los Angeles, CA 90026

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117 N Toluca Street

$1,849,000

Overview

Property ID: HZGD25112549

Apartment
Property Type

0
Garage

1912
Year Built

Description

Americana Real Estate Services is proud to present the pride of ownership Toluca North Apartments with a CAP 6.3% Rate – a remarkable (12) unit multifamily investment opportunity, situated on a corner lot in Echo Park, across the street from Vista Hermosa Natural Park and within close proximity to the Downtown Los Angeles. The well-maintained two story structure offers gated access and incredible unit views to Downtown LA. A bountiful unit mix of 5 (1BD/1BA+Den) and 7 (Studio+1BA), rarely found in assets like this and all tenants are current. Many of the units have been upgraded and each unit is over 500sqft. All units have individual water heaters. Laundry area consists of One Commercial Washer and One Commercial Dryer that are owned, not leased. With a combined building income of $15,825, ease of management, and most tenants on month to month leases, Toluca North offers extreme upside for an investor to take over an exceptional, low-maintenance asset.