13226 Paxton St Los Angeles, CA 91331

This 10-unit apartment building in Los Angeles, CA presents a compelling value-add investment opportunity. Located at 13226 Paxton St, Pacoima, CA 91331, this Class C property boasts 8,340 square feet on a 13,723 square foot lot and features four buildings with two stories each. Built in 1953 and renovated in 2020, the property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $154,784, representing a 5.53% cap rate. A pro-forma NOI of $185,000 projects a 6.61% cap rate. Each of the ten units includes one parking space and features individually metered gas and electric, offering potential for increased profitability. The property's copper piping and recently replaced sewer system (3 years old) contribute to its overall value. The asking price is $2,800,000 ($280,000 per unit and $335.73 per square foot). All tenants are on month-to-month leases, and seller financing is available. The property is situated in Los Angeles County. This is a motivated seller situation. All information should be verified by the buyer.