MY FIRST property IN My city of LOS ANGELES is a 5-unit

[Terry Wroten]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,100,000
Cash invested: $330,000

5 unit
1 - 3/2
1 - 2/1
3 - 1/1
0n a 10,650sqf parcel in Los Angeles.

What made you interested in investing in this type of deal?

i needed buy some property locally for my family and also to start on my real estate journey in my city

How did you find this deal and how did you negotiate it?

Redfin

[Daniel Park]

Congratulations on your first property in LA! I'm also in LA and aiming for a multi-family to house hack for my first property as well. I'm a newbie and currently just trying to soak up all the excellent discussion in the forums. Thanks for sharing your deal. Could you elaborate more on what you were looking for, how you got the deal, if it's a turnkey or fixer upper, what cash flow you project, how you decided to invest in LA, etc? Would love to hear about it. Thanks!