A completely renovated 3-unit property with a brand-new attached and detached ADU, offers immense flexibility to both investors and owner-users. Live in one unit and rent the others, or hold the whole property as a cash-flow investment. Pro forma GSI is ~$115,200 with a 6.0% cap. Unit mix consists of… Read More 1) Front 3-bd / 2-ba of ~1,064 sf, 2) Newly built attached ADU 2-bd / 2-ba of ~798 sf, and 3) Newly built detached ADU of 3-bd / 2-ba of ~1,200 sf. All units are individually metered and addressed, and each comes with its own laundry and appliances. Solar lease on the detached ADU can be assumed or purchased. The long driveway provides some parking spaces, and street parking is readily available. With little to no landscaping needed, operating expenses are limited to water, which can be passed through, and acute/routine maintenance. Located within 6 miles of Downtown LA, this property presents a welcoming opportunity to stake a foothold in the robust LA rental market. Read Less
Property listed by Exp Realty of California Inc, Kevin Lo 626-240-1188
Listing Snapshot
Days Online
2
Last Updated
Property Type
Triplex
Lot Size
0.14 Acres
Year Built
1920
MLS Number
TR26232021
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
Dishwasher, GasRange, Refrigerator, RangeHood
Building
Built in 1920, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: Front door, Construction Materials: Concrete, Stucco
Community
StreetLights, Sidewalks
Cooling
CentralAir
Energy Saving
Energy Generation: Solar
Expenses
Operating: $34,560
Fence
Vinyl, WroughtIron
Fireplaces
None
Floors
Vinyl
Foundation
Slab
Heating
Central
Home Owner's Association
Association Fee: $0
Income
Gross Income: $115,200, Gross ScheduledIncome: $115,200, Net Operating Income: $80,640
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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