Description
Subject Property is located at very convenient, decent place. CSUN, Northridge Medical Hospital Center and Northridge MetroLink Station are approximately within one mile. Subject Property is clean and well maintained, and has spacious 9 units (4/2+1.75+Fireplace; 2/2+1; 3/1+1) along with covered and secured 9 parking spaces. All units are clean, upgraded with laminated wood floor or new carpet. All kitchen and bathroom are functional and well maintained. Also the roof is well maintained and there was no leaking at all during the heavy raining in 2016 and through January 2017. All drain pipes are functional during the heavy raining.It is a great rental property. New Buyer will be able to enjoy low maintenance cost along with increasing rent. It is under rent control. But the rent can be increased 3% per year at the minimum and market rent will be applied toany vacant unit.
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