4 Unit Property for sale by Owner

15252 Gresham St, North Hills, CA 91343

$1,300,000 After Repair Value -
$1,150,000 Asking Price -
$45,000 Cost of Repairs =
$105,000 Potential Profit

Property Details

Asking Price $1,150,000

After Repair Value $1,300,000

Costs of Repairs $45,000

Potential Profit $105,000

Living Area 3348 ft2

Property Type Multi-Family

Bedrooms +6

Bathrooms 4

Half Bathrooms N/A

Parking 4

Listed with Agent 0

Property Description

Tremendous 4 Unit investment opportunity in the North Hills area. The owner is retiring. All units are 2 Bedrooms and 1 Bath with 1 car garage each. Current rents are month to month and are below market. There is plenty of room for future rent increases. Tenants are all current and up to date in rent. The tenants pay for electricity and gas. There is a laundry room at the rear of the building. This area is close to shopping, restaurants, groceries, and public transportation. There is a large community park across the street where families play and gather around in the afternoon. Tenants are aware that the property is for sale. Drive-by only or feel free to look around but please do not approach and speak to the residents. Interior inspection after an offer is accepted. The property just recently passed the City of Los Angeles Code Enforcement Inspection on April 12, 2022. The building size is 3,348 sq. ft. and the lot size is 6,885 sq. ft. The total gross annual rent is $57,816. Rent roll data is found in one of the photos attached.

Repairs Needed

New roof, new exterior paint, and minor repairs inside each unit


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