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Listed by Ken Wong • STIGLER MORTGAGE
$1,099,000
Est. payment /mo
2,099 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,099 sqft
Price per Sqft $523
MLS Listing ID CV-26018950
Year Built 1940
Lot Size 6,486 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Ideal for 1031 exchange buyer or owner-occupied. Cap rate is about 5.5~6%. Start earning rental income from day one with this tenant-occupied property. Solid 7200 monthly income with strong tenants!! All units are month to month lease. This is a DREAM property for an investor or occupant owner. This property is not located in LA rent control area, NOT RSO. The property has been managed & maintained by professional property management for the last 5 years. There are 3 DETACHED units on the property. Unit 1 is a 4/2. Unit 2 is a 2/1. Unit 3 is a 2/1. There is a 2 room storage unit on the property being used by the residents that could potentially be transformed into an ADU. Rents are all close to market. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 3 was completely renovated down to the studs in 2019. Roofs were redone in 2019. The lot size is at almost 6,500 sq ft. There is a long driveway capable of parking 6+ cars with plenty of open street parking at all times. Nearby attractions include Mariachi Plaza, LAC Hospital, USC Medical, Cal State LA, and the Metro Gold Line. In just minutes you can reach Downtown Los Angeles, Dodger Stadium, and Crypto Arena. The property also offers easy access to major freeways such as the 5, 60, 10, 710, and 110. Do not disturb tenants. All three units are occupied. The detached bonus 1bed 1 bath unit is vacant and previous rent is 1200. Don't miss the opportunity.!This is the house in the area that you can cover all your expense and payment with rental income and enjoy some positive cash flow!
Location
State CA
County Los Angeles
Zoning LCR4YY
Interior
Interior Features Granite Counters, Laminate Counters
Laundry None
Exterior
Parking Features Driveway
Pool None
Community Features Park, Sidewalks, Street Lights, Urban
Building
Lot Description Front Yard, Landscaped, Lawn, Lot 6500-9999, Park Nearby, Paved, Rectangular Lot, Yard, 2-5 Units/Acre
Sewer Public Sewer
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Naghmeh Keyvani
Broker Associate License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823