Property listed by James F. Gilb, James Gilb 310-592-7067
$2,395,000
This charming income property can be described simply as "very good real estate." ONE UNIT IS AVAIABLE FOR AN OWNER / USER. Built in 1936 and loaded with old world charm, this character triplex is located in one of the best rental markets not only in Los Angeles… Read More but in all of Southern California. Buildings like this are rarely available for sale making this a real opportunity to acquire in a neighborhood with a high barrier to entrance. Please don't let this opportunity pass you by. As an owner/user, this property makes sense as compared to SFR pricing in the immediate neighborhood. This triplex contains one - 1-bedroom+1-bath above the garage and two - 2-bedoom+1.25 bath (townhouse style) units. The townhouse units each have multiple entrances, a California basement, individual private patio and their own separate laundry area. Located in an area with a very diverse employment base with thousands of jobs in technology, entertainment, law, education, finance, public sector and government. The area is incredibly walkable with access to shops, boutiques and restaurants along Westwood/Santa Monica & Wilshire Boulevards. It is within close proximity to major freeways (the 10 & the 405) and is minutes by car to Beverly Hills and Westwood office buildings, UCLA, Brentwood, Santa Monica and Century City. It is also close to operational subway stations planed for Century City and along Wilshire Boulevard. Long term owner selling "As-Is" and intends to enter into a 1031 tax deferred exchange. Please do not walk on property or disturb tenants. Read Less
Listing Snapshot
Days Online
46
Last Updated
Beds
5
Square Ft.
3,062
Lot Size
0.12 Acres
Year Built
1936
MLS Number
25604375
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1936, Living area: 3062.0, 1 building, Building faces South, 2 stories, Levels: Two, Entry location: Living Room, Construction Materials: Stone, Stucco, WoodSiding
Cooling
None
Fireplaces
LivingRoom
Floors
Wood
Garage
2 spaces
Heating
Central, WallFurnace
Income
Gross Income: $104,952, Net Operating Income: $63,338
Laundry
InGarage, LaundryRoom
Lot
0.1153 acres
Parking
2 open parking spaces, 4 total parking spaces, DoorMulti, Driveway, Garage
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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