Recently I helped an investor close on an eight unit apartment building near the California Blue Line stop.  Not many sales these days so I thought perhaps you would like to know the basics:

Price:  $720K
Building:  11,000 square feet
Land:  8,000 square feet
7 Units:  2 bed/1 bath
1 Unit:  1 bed/1 bath
Brick Garage:  4 spaces
Outdoor Parking:  3 spaces

Asset Strong Points
Roof: single layer in good shape
Tuck pointing:  not much help needed
Windows:  95% replaced
Plumbing:  newer horizontal copper
Heat:  tenant heated with top notch GFA systems

The building had a value added through out the years; however, most units needed to be updated including the kitchens and baths.  The new owners did many new improvements other than kitchens but needless to say still a very good deal.  I can’t wait to find another.