Subject property is a 2,436 sq ft 3plex built in 1921 and situated on a spacious 8,712 SF lot. It can be sold separately or together with a 4plex on the adjacent lot at 11137 Van Buren Ave with total rental income of $16,671/month and future development opportunities. (Income for… Read More 3plex is $7,133/month). Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units, All Section 8 Tenants. Total Lot Size: 8,712 sq. ft. Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to build 7 ADUs (Buyer to Verify)... Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez 951-902-3006
Listing Snapshot
Days Online
7
Last Updated
Property Type
Triplex
Lot Size
0.2 Acres
Year Built
1921
MLS Number
SB25235775
30 Days Snapshot Of 90044
$640k
-5%
(avg) sold price
10
-50%
homes sold
89
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1921, Building area total: 2,436, Levels: One, 1 story, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
StreetLights, Sidewalks
Expenses
Gardener expense: $1,440, Insurance expense: $3,045, Maintenance expense: $1,950, New taxes expense: $11,520, Operating expense: $20,655, Water sewer expense: $2,700
Fireplaces
None
Garage
3 spaces
Income
Gross income: $81,316, Net operating income: $60,661
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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