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    7135 Watcher Street

    Commerce, CA 90040
    • $2,000,000
    • STATUS: ACTIVE
    • ON SITE: 44 days
    • ID#: 302984536
    UPDATED: 172 min ago
    $2,000,000
    • 9
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Don't miss out on this opportunity to buy a three unit apartment building that has great upside potential. The property consists of three units: two 3 bedroom/ 2 bath and one 4 bedroom /2 bath. Two of the units are occupied by Section 8 tenants, one of them is a military Section 8, allowing higher rents than standard Section 8. The rents can be increased each year up to 5%. The third unit is on a month to month tenancy. Each unit is separately metered for gas, water and electricity. There are washers and Don't miss out on this opportunity to buy a three unit apartment building that has great upside potential. The property consists of three units: two 3 bedroom/ 2 bath and one 4 bedroom /2 bath. Two of the units are occupied by Section 8 tenants, one of them is a military Section 8, allowing higher rents than standard Section 8. The rents can be increased each year up to 5%. The third unit is on a month to month tenancy. Each unit is separately metered for gas, water and electricity. There are washers and dryers in each unit, as well as forced air heating and A/C. All units have copper plumbing. The roofs are less than 5 years old. A buyer may now convert the garages to living spaces per State Ordinances but buyer must check with the city for setback information regarding this point. All buyers must cooperate with Seller's 1031 Exchange. Buyers to verify all information.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/112607777
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    7135 Watcher Street Commerce, CA 90040

    • Price: $2,000,000
    • Status: ACTIVE
    • Updated: 172 min ago
    • ID#: 302984536
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    Neighborhood:
    Los Angeles (90040)
    County:
    Los Angeles
    Area:
    Los Angeles (90040)
    Property Description
    Don't miss out on this opportunity to buy a three unit apartment building that has great upside potential. The property consists of three units: two 3 bedroom/ 2 bath and one 4 bedroom /2 bath. Two of the units are occupied by Section 8 tenants, one of them is a military Section 8, allowing higher rents than standard Section 8. The rents can be increased each year up to 5%. The third unit is on a month to month tenancy. Each unit is separately metered for gas, water and electricity. There are washers and Don't miss out on this opportunity to buy a three unit apartment building that has great upside potential. The property consists of three units: two 3 bedroom/ 2 bath and one 4 bedroom /2 bath. Two of the units are occupied by Section 8 tenants, one of them is a military Section 8, allowing higher rents than standard Section 8. The rents can be increased each year up to 5%. The third unit is on a month to month tenancy. Each unit is separately metered for gas, water and electricity. There are washers and dryers in each unit, as well as forced air heating and A/C. All units have copper plumbing. The roofs are less than 5 years old. A buyer may now convert the garages to living spaces per State Ordinances but buyer must check with the city for setback information regarding this point. All buyers must cooperate with Seller's 1031 Exchange. Buyers to verify all information.
    Exterior Features

    Pool N/K Site Curbs

    Interior Features

    Cooling Central Forced Air Stories 1 Story Total Baths Unit1 6 Units With Range Oven 3 Units With Refrigerators 3

    Property Features

    Annual Expense Actual 26200 Buildings 2 Gross Scheduled Income Actual 81000 Terms CashExchange Unit Number For Unit1 1 Unit1 Rent Actual 81000.0 Zoning Assessor

    Listing provided courtesy of Keller Williams Realty. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Cay, Carly & Patrick | Keller Williams
    12780 High Bluff Drive
    San Diego CA, 92130