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Key Details
Sold Price $1,375,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,753 sqft
Price per Sqft $499
MLS Listing ID CRSB24132969
Sold Date 09/30/24
Bedrooms 6
HOA Y/N No
Year Built 1949
Lot Size 6,736 Sqft
Acres 0.15
Property Description
Welcome to a fantastic investment opportunity in a prime location! This property has been owned by the same family for years and is now available for new possibilities. Property consists of 3 units, two units are 2 bedrooms 1 bath and one unit that has a yard and a private entrance is a 2 bedroom 1 bath and each unit has a garage and park space. Drive by and take a look; you'll see the potential is endless. For investors, consider converting the garages into an ADU and transforming the property into a four-unit rental. The current rents are low, but the long-term tenants are content and reliable, ensuring a steady income stream or raise the rents. There is a huge rent upside available. Owner-occupants will appreciate the back unit, which boasts a charming yard, perfect for relaxation and outdoor activities. Contractors and developers will be thrilled with the location. This property offers the chance to tear down and build spacious new units, maximizing rental income potential. The property is professionally managed, with management costs already included in the expenses, which remain impressively low. Don't miss out on this versatile and promising property
Location
State CA
County Los Angeles
Area Listing
Zoning RBR-
Interior
Fireplace No
Laundry Inside
Exterior
Exterior Feature Back Yard
Total Parking Spaces 7
Building
Lot Description Back Yard
New Construction No
Others
Tax ID 4156014002
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Bought with MelissaPilon
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122