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$1,350,000
Est. payment /mo
7 Beds
3,295 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,295 sqft
Price per Sqft $409
MLS Listing ID CL26863879
Bedrooms 7
HOA Y/N No
Year Built 1923
Lot Size 8,383 Sqft
Acres 0.19
Property Sub-Type OTHER
Property Description
Character 1923 Spanish triplex in the hip and centrally located West Adams neighborhood, just minutes to Mid City, Beverly Hills, USC, Koreatown, Culver City, DTLA. Uniquely situated on a spacious 8394sf lot zoned LAR3 with 2-car enclosed carport in rear and additional 6 parking spaces, plus a detached storage structure. Potential for larger development. Remodeled top floor unit with 3 bedrooms and 1 bath plus deck and balcony, is approx 1300sf and two large (approx 997sf) units below, comprising of a remodeled 2 bed, 1 bath with large side yard and another 2 bed, 1 bath. Extensive renovations include seismic retrofit, new sewer line to street, new roof in 2020, new exterior paint, brand new electrical and plumbing on two units, plus tankless water heaters for all 3 units and brand new split AC for upstairs unit. Ideal for owner-user or investor looking to buy and hold in a highly sought-after area that continues to benefit from immense development with Metro Expo rail connections, proximity to 10FWY, hip and trendy restaurants and shops. Fully tenant occupied. Approx 5.8% CAP RATE as two of the units get market rate rents, while there is huge upside potential on the lower floor unit.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Laundry Dryer, Washer, See Remarks
Exterior
View Y/N true
View City Lights, Hills
Total Parking Spaces 8
Building
New Construction No
Others
Tax ID 5051003016
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Listed by Yuri Huxley • Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122



