
Paul
@LA_Multi_Fam • 8,482 subscribers
Los Angeles Apartment Buildings. We buy run down buildings, renovate & add ADU's. We also manage & sell apartment buildings for clients. DM's open!
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Bought this 5 unit in North Atwater Village Sept 2023 for $1,180,000 with someone I met on twitter. It was grossing about $90,000 annual in rental income & was pretty much falling apart. Gut renovated the existing 5 units & built out 3 ADU's. (1 carport ADU & 2 detached) toni lewis AIA designed! We now have 8 units in an up and coming part of LA, that will be grossing about $285,000 annually. Might sell & 1031. Might refi. But definitely looking for more. If you have heavy value add deals with room for ADU's in LA County (B or better areas) please reach out.
Paul29,128 Aufrufe • vor 10 Monaten
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