Sold $450,000 - Duplex
I just published a blog on the investment opportunities in Boyle Hts, and look what fell in my lap: A wonderful investment opportunity for an income property in Boyle Hts. I went out to inspect this property. It is in a nice and safe location in Boyle Hts. It has been well rehabbed and appears to be in move-in condition with no further need of work. It has plenty of parking, and a yard. It will definitely get $1800/mo per unit and is not out of the question it can get as high as $2000/mo.
As discussed in my recent article, Boyle Hts is the next happening thing in L.A., so upside for the future should be fantastic.
At $2K/mo per unit (total $4000/mo,) cash on cash return would be 15%. Even at $1800/mo per unit (total $3600/mo,) cash on cash return would be 11%. I say it’s a buy!
