6 Unit Complex South Los Angeles Manchester Square neighborhood
Sold - $1,100,000
Daughrity Real Estate is proud to announce the closing of a spacious 6 unit complex in the South Los Angeles Manchester Square neighborhood. The units have separate meters, and most of the rents were below market value at the closing. This was a 1031 exchange for the seller. At the time of the closing, there was only one vacant unit on the property. The cap rate is based on 100% occupancy and one-year trailing expenses as reported by the seller.