***VERMONT SQUARE SFR + RECREATION ROOM*** This home has a LOT of potential! Front house is shown legally as a 3 bedroom/1 bath vs actual 4 bedrooms/2 baths and has been rented to current tenant for past 8 years. Current rent: $1,900 month. At the rear was originally a garage that was legally converted to a "recreation room" which seller has added a kitchen and a bathroom making it a "studio" unit. This tenant has lived there 7 years and currently pays $700 per month rent = $2,600 month = $31,200 GSI = 13.6 x gross. Below market asking price should move this property QUICKLY! Ideal for FHA203(k) financing! Just a matter of 6 or 7 blocks north to reach Exposition Park & L.A. Coliseum with USC just north of that! This location is perfect for the commuter with easy access to public transportation and major freeways to downtown L.A. and all points beyond!
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Listing Courtesy ofBoardwalk Properties