4-Unit Income Property Near Miracle Mile

Here's a second-chance opportunity to acquire a lovely French Normandy style 4-unit income property in the South Carthay area near the Miracle Mile.  Here's a Visual Tour of this short sale priced at $1.3 million.

For details, see David's listing on Loopnet and on the Multiple Listing Service.  

Residential Income/Investment Properties Analyzed in Detail!

Considering an investment in residential income properties within 2-3 miles of the beach? 

I've just completed an exhaustive analysis of currently available apartment buildings from Santa Monica to Redondo Beach in the $2-6 million range.  Found cap rates as high as 5.4% and gross rent multipliers as low as 11.1.  Of course, those are based on asking price. 

Also found lots ranging to 1/2 acre; cost per unit as low as $164,750, cost per bedroom as low as $106,094, assumable financing as high as $2.5 million.

If you could be interested in an income property investment, please feel free to contact me! - David

Southern California Home Buyer's Fair - The Presentations

Miss the recent Southern California Homebuyer's Fair?  Well, not completely.  Here are the presentation materials from the many seminars at the Homebuyers Fair!  Topics included the California housing market outlook, finding the right investment properties, and negotiating a loan modification. - David