Property listed by Landon Realty Group, Diana Fang 213-422-4358
$1,295,000
Seize a rare opportunity to acquire a cash-flowing triplex in West Adams — one of Los Angeles' most dynamic and appreciating neighborhoods.
This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit — all… Read More with a private yards — maximizing rental income.
Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106,680 and Net Operating Income of $80,455, reflecting a 12.14 GRM and a 6.2% cap rate.
Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants. Read Less
Listing Snapshot
Days Online
20
Last Updated
Property Type
Triplex
Lot Size
0.15 Acres
Year Built
1927
MLS Number
SR26208145
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, VentedExhaustFan
Building
Built in 1927, 2 buildings, 2 stories, Entry level: 1, Entry location: street
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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