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$800,000
Est. payment /mo
5,105 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26107230
HOA Y/N No
Year Built 1924
Lot Size 5,105 Sqft
Property Sub-Type Triplex
Property Description
Introducing a remarkable investment opportunity—a versatile triplex perfect for investors or owner-users. The front unit is a newly remodeled 2-bed, 1-bath space, which is ready for immediate occupancy or tenancy. The middle unit, also remodeled, is currently rented for $2,420 under a Section 8 agreement, offering stable income. At the rear, a charming standalone 3-bed, 1-bath home includes in-unit laundry, rented for $1,822 to a Section 8 tenant. With the front unit rented, this triplex achieves an IMPRESSIVE 7.7% CAP RATE. Priced attractively at a 10 GROSS RENT MULTIPLIER, it yields an 8.1% ANNUAL ROI with just 25% down. For owner-users, this is an unbeatable opportunity to reside in the front unit while the rental income from the other units covers most of your mortgage and expenses. Seize this chance to own a property with separate meters and strong financials!
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Parking Features Driveway
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Private Pool No
Building
Lot Description Level
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6022012024
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan
Special Listing Condition Standard
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Listed by Gregory Roberts Coldwell Banker Realty 310-686-6119, DRE #01376549
NEARBY SCHOOL & BUSINESS
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