6,503 Sqft Lot
6,503 Sqft Lot
Open House
Sat Oct 03, 2:00pm - 4:00pm
Sun Oct 04, 1:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26208145
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1927
Lot Size 6,503 Sqft
Property Sub-Type Triplex
Property Description
This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit — all with a private yards — maximizing rental income.
Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106,680 and Net Operating Income of $80,455, reflecting a 12.14 GRM and a 6.2% cap rate.
Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Refrigerator, Vented Exhaust Fan
Laundry Inside
Exterior
Parking Features Driveway
Pool None
Community Features Urban
View Y/N No
View None
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Front Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5057007019
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan
Special Listing Condition Standard
Schools and Properties Nearby
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