1540 W 28th, Los Angeles, CA 90007

THIS PROPERTY IS A 4-PLEX AND CAN BE FINANCED USING RESIDENTIAL FUNDING...GREAT INVESTMENT OPPORTUNITY. 3 UNITS ARE RENTED, THE LARGE OF THE 4 UNITS IS AVAILABLE FOR THE OWNER OCCUPANT TO RESIDE IN. THE UNIT SIZES ARE: a) 5 BEDROOM + 3.25 BATH; b) 3 BEDROOM + 1 BATH; c) 2 BEDROOM + 1 BATH; d) 2 BEDROOM + 1 BATH. NOW, MONTHLY RENTS ARE AS FOLLOWS: a) NONE; b) $2000; c) $2400; d) $750. THE BUILDING INTERIOR AND EXTERIORS HAVE BEEN REENTLY PAINTED. THE OWNER HAS INSTALLED NEW CLOTHES WASHER AND DRYER FOR ALL TO USE, WHICH IS A RENTED SET AT $120/mo. THERE ARE 5 PARKING SPACES ON THE GROUNDS, 3 ARE ASSIGNED AND 2 ARE FIRST COME FIRST USE. THE PROPERTY IS CLOSE TO USC AND IT IS COMMON TO RENT TO THE STUDENTS AT THE UNIVERSITY. FOR THE FIRST TIME INVESTOR, THIS IS A GREAT OPPORTUNITY TO BUY A HOME THAT GENERATES RENTAL INCOME IMMEDIATELY WITHOUT THE NEED TO ADD AN ADU. THE KITCHENS ALL HAVE STOVES AND REFRIGERATORS. ZONING IS LAR2. THE UNRENTED 5 BEDROOM UNIT IS ABOUT 1500 SQ FT.