$1,625,000

Proud to present the Myrtle Street Fourplex located in Prime North Downey walking distance to Downtown Downey, Our Lady of Perpetual Help Catholic School and Church, and countless restaurants/shopping/employment opportunities within 1 mile. The property is comprised of Four (4) Single-Story 2 Bed/1 Bath units in excellent condition with minimal deferred maintenance. Pride of ownership location in the strongest rental market in Southeast Los Angeles. This property is an excellent long-term hold and will cash flow due to the very low expenses, Landlord only pays Water and Trash Utilities. The four units are spread comfortably between two duplex buildings all on one lot. The two front units having attached garages which are shared with between the two tenants in that building, and with two sets of washer and dryer connections inside the garages. There are also two patio areas located in the back of the building for tenant use. Current rents as of July 1st are $1,925, $1,925, $1,840 and $1,925 and tenants are on month-to-month leases. Separately metered for gas and electricity. Do not walk on the property or disturb tenants. Subject to inspection, property tours will only be allowed with an accepted offer only. Must contact listing agent only for more information. Tenants are not aware property is for sale. Anyone that does not follow these directions and bother the tenants will be disqualified.