Property listed by DAUM COMMERCIAL REAL ESTATE, CHARLES BRILL [email protected]
$1,200,000
Triplex in Belmont Heights. Vibrant Redondo Avenue frontage. Live/work allowed under zoning. Duplex in the front, free standing cottage in the back above a two car garage with lots of parking, extra storage/laundry room.
Well maintained with pride of ownership. Recent paint, roof, and cement driveway. Low maintenance, tenants pay… Read More all utilities.
One unit currently available for owner/operator. Seller will guarantee lease income for three months. Total actual gross income of $7000 from all three units. Low maintenance, low expenses, tenants pay all utilities, and they take care of monthly landscaping.
One unit is rented to a hair salon with almost 2 years left on the lease with interest in extending for 5 years. Back building is a large one bedroom apartment on a month to month basis which includes the two car garage and storage/laundry room. Possible garage conversion to an ADU utilizing the two car garage and laundry facility.
Seller has owned and managed the property for 40 years. Read Less
Listing Snapshot
Days Online
32
Last Updated
Property Type
MixedUse
Lot Size
0.09 Acres
Year Built
1923
MLS Number
IN26067467
Additional Details
Building
Built in 1923, 2 buildings, 1 storey, Entry level: 1, Entry location: street
Community
Curbs, DogPark, Golf, Park, StreetLights, Sidewalks, WaterSports
Cooling
WallWindowUnits
Expenses
Insurance: $4,800, Operating: $17,000
Fireplaces
Gas
Garage
2 spaces
Heating
FloorFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $84,000, Gross ScheduledIncome: $84,000, Net Operating Income: $67,000
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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