Rare cash cow investment opportunity in the quietest corner of Malibu Groves. Currently used as both a primary residence and transitional living center. The owner’s early retirement offers you the once in a lifetime chance to snatch up a going concern that’s generating $72,300 yearly gross, with only $16k in expenses. That’s an unheard of 12.5% cap rate, for a plug and play property that needs no repairs nor rehab… and one unit is still vacant. Impeccably maintained, with detailed service and expense records available to back up these claims. No licensing required for new owner to take over.
No HOA/CDD. CC credits and buy down rate options available. Accepting FHA/VA. Feel free to soft pitch offers to listing agent before writing anything up. Ask me anything, big or small. I’m happy to help. FULL 2.5% COOPERATION WITH ALL AGENTS IF THIS IS “NOT ON MY MLS.” Please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.