Please contact Le Investment Group for full offering memorandum. Drive by only please do not disturb the tenants. Thank you. Attractive Current CAP Rate of 7.03% With ProForma CAP Rate of 7.48%. Current GRM of 8.30, ProForma GRM of 7.93. Property is Located in the Opportunity Zone. This provides eligible investors with favorable long term tax benefits. Single Story, Covered Parking, Central A/C, Onsite Laundry Available, Private Patio for the Tenants. 30 Units Renovated to include paint, flooring, A/C, and water heaters. The Desert Oasis Apartments are located on the corner lot of La Habra Avenue and Bellflower Street. This single story apartment building is placed on a 2.03-acre lot and is composed of (24) 1 Bedroom, 1 Bath units and (24) 2 Bedroom, 1 Bath Units. The tenants are provided with secure onsite covered parking as well as access to the laundry facilities. The owner has renovated 30 of the 48 units to include new flooring, paint, water heaters and A/C units. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
Listing courtesy of ALBERT LE from LE INVESTMENT GROUP
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