Seller is offering 30% ownership for $600,000. The ideal partner will bring a line of credit of at least $2,000,000 to expand the rental portfolio. Current assets include a turnkey 5-unit portfolio in East Hollywood! 4 townhomes + 1 villa in the same association. Near beaches, nightlife & transit. Self-managed associations with NO rental or age restrictions. Units Rent fast and tenants stay "forever". Perfect entry point for a new landlord or as an added value for experienced investors. I will remain as the manager in order to expand the portfolio of properties. The line of credit should be on "soft" terms since you will also enjoy 30% ownership as added equity on the loan.
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Last Updated: . Source: BMLS
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Listing Agent: Horst Michael Rosenbaum (#279579071)
Listing Office: Ocean Realty (#279511431)

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