5965 West Boulevard
Los Angeles, CA 90043

Cashflow Gem - 6% CAP rate with huge upside potential coming with neighborhood revitalization. $56,000 current annual income and growing at 4% annually per local rent control. All tenants have professionally managed lease contracts in place which is perfect for immediate rental income. New owner may choose to renew all lease contracts or may move into one of the units once lease terms expire. Individually metered utilities so landlord only pays water. 1 car port with additional parking in front and in neighborhood. Walking distance to the Florence-West Boulevard Metro depot and couple of miles to the Hollywood Park Entertainment Complex and New LA Rams SoFi Stadium. This is a well maintained property in a highly desirable area of Park Hills Heights, close to LAX, DTLA, Dining and Entertainment. Centrally located to the 405, 110, 10, and 105 freeways and a block to the new Crenshaw Metro Line. The front unit is a 3 bedrooms 1 bathroom which was fully remodeled in 2018. Remodel includes all new flooring throughout, new beautiful cabinets, stainless steel appliances, windows, quartz countertops, tile shower, and modern paint colors. The rear 2 units have 2 bedrooms and 1 bathroom each. The roof was replaced in 2018 and a new boiler in 2020. Mortgage rates are at all time lows so don't miss your chance to lock this in and enjoy positive cashflow for a long time to come. perfect for large families or and income-producing rental.