Property listed by All Gens Financial Services In, Lasisi Azeez [email protected]
$849,999
Excellent value-add triplex opportunity in a strong Los Angeles rental market, just minutes from Downtown Los Angeles. It is conveniently located near SoFi Stadium, Target, Costco, and major highways – 110 and 405. Property features a desirable unit mix of (1) Front detached 3-bedroom/2-bath house (currently vacant) on 2 levels… Read More with inside washer/dryer hookups, central HVAC, separate electricity and gas utilities -- ideal for owner-occupancy; (1) back second level 1-bedroom/1-bath unit with a balcony (tenant-occupied and paying), central HVAC, inside washer/dryer hookups, pays 50% of electricity and gas utilities; and (1) studio unit with one bath, washer/dryer hookups, and air conditioner. No common wall(s). All garages on the ground floor below the one bedroom unit.
This property is ideal for investors seeking upside through lease optimization and repositioning. Front 3-bedroom unit delivered vacant at close, offering immediate rental or owner-user potential.
A long-term tenant in good standing currently occupies one unit. Studio unit presents additional upside potential (see agent remarks).
Property to be sold as-is. Buyers to conduct their own due diligence regarding rents, expenses, and tenancy. Read Less
Listing Snapshot
Days Online
16
Last Updated
Property Type
Triplex
Lot Size
0.14 Acres
Year Built
1937
MLS Number
CV26102278
Additional Details
Building
Built in 1937, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Front
Community
Sidewalks
Cooling
CentralAir
Expenses
Insurance: $1,728, Operating: $13,600
Fireplaces
Gas, LivingRoom
Garage
2 spaces
Heating
Central
Income
Gross Income: $63,026, Gross ScheduledIncome: $63,026, Net Operating Income: $49,426
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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