Property listed by Keller Williams Los Angeles, Maria Sarmiento 213-797-7000
$799,000
ALL UNITS SEPARATELY METERED FOR WATER, GAS, AND ELECTRIC. A MAJOR VALUE ADD FOR INVESTORS! Located in Los Angeles within the vibrant Melrose District, this well-positioned triplex offers an excellent opportunity in one of the city's most sought-after urban neighborhoods, known for its trendy boutiques, diverse dining, and close proximity… Read More to Hollywood, Koreatown, and Downtown LA. This multi-family property features three units with a functional layout, including a front unit with 3 bedrooms and 2 bathrooms, a rear unit with 2 bedrooms and 1 bathroom, and an additional studio unit with 1 bathroom, creating multiple income streams and flexible living options. Ideal for investors seeking strong rental potential or owner-occupants looking to offset their mortgage by renting out additional units, the property offers versatility for both income generation and multi-generational living. Gated property with rear access and parking for up to six vehicles in the back. Conveniently located near Melrose Avenue, major freeways, public transportation, shopping, dining, and key employment hubs, this property is perfectly situated for long term value and demand. ALL UNITS ARE SEPARATELY METERED FOR WATER, GAS, AND ELECTRICITY, A SIGNIFICANT ADVANTAGE THAT HELPS REDUCE OPERATING EXPENSES AND INCREASE OVERALL INVESTMENT EFFICIENCY. Buyer to verify all information, including permits, square footage, and unit details.***The property is back on the market due to the buyer's financing. There were no issues with the property, and all inspection reports are available for your review.*** Read Less
Listing Snapshot
Days Online
68
Last Updated
Beds
5
3/4 Baths
4
Square Ft.
1,911
Lot Size
0.13 Acres
Year Built
1912
MLS Number
26984113
Additional Details
Building
Built in 1912, Living area: 1911.0, 3 buildings, Levels: One
Heating
WallFurnace
Income
Gross Income: $87,600, Net Operating Income: $70,245
Lot
0.1269 acres, Dimensions: 40x138
Parking
6 open parking spaces, 6 total parking spaces, Driveway, Gated
Pool
None
Taxes
Parcel Number: 5521004005, Zoning: LAR3
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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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