7135 Watcher Street,  Commerce  (90040)

$1,950,000

0 bedrooms 0   0 bathrooms 0   10890 square feet 10,890
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PROPERTY DETAILS

Address: view address
Commerce, CA 90040
Map Location
Features: Air Conditioning, Garage
Square Feet:10,890 sq.ft.Lot Size:0.25 acres
Year Built:1976Property Type:Multi Family
County:Los AngelesList Date:2020-12-14

PROPERTY DESCRIPTION

Are you trying to find a three unit apartment that is not affected by eviction issues during the pandemic? One in which the cash flow is dependable and on time every month? One in which the government is the payer and is under contract for the rent? Well, you found it. The property consists of three units: two 3 bedroom/ 2 baths and one 4 bedroom /2 baths. Two of the units are occupied by Section 8 tenants, one of them is a military Section 8, allowing higher rents than standard Section 8. Another is Standard Section 8. The rents can be increased each year up to 5%. The third unit is on a month to month tenancy and that tenant pays on time on a consistent basis. Each unit is separately metered for gas, water and electric. There are washers and dryers in each unit, and forced air heating and A/C. All units have copper plumbing. The roofs are less than 5 years old. A buyer may now convert the garages to living spaces per State Ordinances but buyer must check with the city for setback information regarding this point. All buyers must cooperate with Seller's 1031 Exchange.






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PHOTO GALLERY

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Listing courtesy of: Daniel Garcia of Keller Williams Realty (CA DRE #01306304)