Prime north of Wilshire property with a 4.4 Cap Rate! This property is in immaculate condition, completely renovated in 2017 including new plumbing throughout, major upgrades to electrical, kitchen redone w/new Quartz countertops , commercial fridge & freezer, bathrooms with rain showers & custom vanities, BRs all have hand built bed frames with TV cabinets in the foot of the beds, new recessed LED throughout, 2 new HVAC units-one per floor, heated pool and much more. Broker makes no representations as to whether improvements were done with permits, buyer to perform their own investigations and rely upon same. Seller wishes to lease back property at COE for $20K/Mo., modified net lease for 5 years plus two-5 year options. Sellers leaseback to cover all of buyer's operating expenses except property taxes and insurance, (which come to approx. 55K/yr total). Said leaseback is a condition to the terms of the sale. (not optional). Call broker for details.
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