OFF MARKET Duplexes LOS ANGELES 13% immediate cash flow

[Christian Valdivia]

Cash-flow within the first month!

Income Property Available in the Los Angeles and surrounding areas
13% initial cash flow
Exclusive off-market properties
Up to 7% Cap Rate
Low Risk & High Return on your investment.
New Construction
In-House Property management/ Hands off investment

Same product has worked for our investors for the last 15+ years!

https://www.youtube.com/watch?v=MtPyAGbb9og

Call for more information and proforma. 

Christian Valdivia

(213)257-7930

[email protected]

[Joshua McGinnis]

I did a little digging into these properties and spot checked several of the listed properties for sale. 

They are all owned by the same individual (and sometimes his spouse). While OP states the owner has kept 2000 units for himself, I was only able to find about 106 properties under the same ownership as the units listed above. Perhaps 2000 is inclusive of properties he doesn't own, but manages for others?

The owners are associated with http://oceandevelopment.com/ which states that they manage over 700+ properties.

Potential buyers should be know that the many of the units are Section 8:

I also see that the product type is very similar across the units just by doing street view on the list. They're a run-of-the-mill duplex with 1 up / 1 down and separate entrances. Nothing wrong with this in my opinion.

I don't see any red flags in regards to the asking price. Many of the properties were acquired 10+ years ago and it seems the owner is looking to liquidate some of his portfolio in an up market. Nothing wrong with that.

The biggest issue I have is the location of these properties.

In August this year, Los Angeles had 39 homicides out of the 484 homicides we've had this year. Here's a map of the homicides in LA for 2015.

Now, compare that to the map above of the properties available for sale...

All that said, there's absolutely nothing wrong with buying or developing properties in these areas. In fact, I'd argue that the quality of product is relatively decent (from what I can tell), but it is important for buyers to know where and what they are buying into.

It goes without saying, be sure you research any area you plan to invest it in.