Description
We are pleased to present the opportunity to acquire 2529 Sichel, a newer 6 unit apartment complex located in the heart of Lincoln Heights. This property was built in 2004 and offers 6,120 sq ft of rentable space situated on a 11,689 sq ft parcel. This 6 unit building offers a desirable mix of: two - large 4 bed | 2 bath units, three - 2 bed | 1 bath units and one 2 bed | 2 bath unit. Good long term tenants are in place and are below market rents. Each unit is separately metered for gas and electric and h We are pleased to present the opportunity to acquire 2529 Sichel, a newer 6 unit apartment complex located in the heart of Lincoln Heights. This property was built in 2004 and offers 6,120 sq ft of rentable space situated on a 11,689 sq ft parcel. This 6 unit building offers a desirable mix of: two - large 4 bed | 2 bath units, three - 2 bed | 1 bath units and one 2 bed | 2 bath unit. Good long term tenants are in place and are below market rents. Each unit is separately metered for gas and electric and has its own water heater. Property offer tenants on-site laundry facilities and gated parking. High walkability, just steps from shops, restaurants, schools, library and more. The subject property is conveniently located within close proximity to the 10, 5, and 110 fwy and minutes away from Pasadena, Downtown Los Angeles, Glendale and Hollywood. 2529 Sichel is a great opportunity that will be appealing to an array of buyers including an owner/user, investor or anyone in a 1031 exchange looking for a well located asset in good condition with substantial upside in rents.
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12BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present the opportunity to acquire 2529 Sichel, a newer 6 unit apartment complex located in the heart of Lincoln Heights. This property was built in 2004 and offers 6,120 sq ft of rentable space situated on a 11,689 sq ft parcel. This 6 unit building offers a desirable mix of: two - large 4 bed | 2 bath units, three - 2 bed | 1 bath units and one 2 bed | 2 bath unit. Good long term tenants are in place and are below market rents. Each unit is separately metered for gas and electric and h We are pleased to present the opportunity to acquire 2529 Sichel, a newer 6 unit apartment complex located in the heart of Lincoln Heights. This property was built in 2004 and offers 6,120 sq ft of rentable space situated on a 11,689 sq ft parcel. This 6 unit building offers a desirable mix of: two - large 4 bed | 2 bath units, three - 2 bed | 1 bath units and one 2 bed | 2 bath unit. Good long term tenants are in place and are below market rents. Each unit is separately metered for gas and electric and has its own water heater. Property offer tenants on-site laundry facilities and gated parking. High walkability, just steps from shops, restaurants, schools, library and more. The subject property is conveniently located within close proximity to the 10, 5, and 110 fwy and minutes away from Pasadena, Downtown Los Angeles, Glendale and Hollywood. 2529 Sichel is a great opportunity that will be appealing to an array of buyers including an owner/user, investor or anyone in a 1031 exchange looking for a well located asset in good condition with substantial upside in rents.