$990,000
$979,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
6,486 Sqft Lot
SOLD DATE : 10/06/2023
Key Details
Sold Price $990,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW23157189
Sold Date 10/06/23
HOA Y/N No
Year Built 1940
Lot Size 6,486 Sqft
Property Sub-Type Triplex
Property Description
Close to a 7% cap rate!! This is a DREAM property for an investor or occupant owner. The property has been managed & maintained by professional property management for the last 5 years. There are 3 DETACHED units on the property. Unit 1 is a 4/2. Unit 2 is a 2/1. Unit 3 is a 2/1. There is a 2 room storage unit on the property being used by the residents that could potentially be transformed into an ADU. Rents are all close to market. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 3 was completely renovated down to the studs in 2019. Roofs were redone in 2019. The lot size is at almost 6,500 sq ft. There is a long driveway capable of parking 6+ cars with plenty of open street parking at all times. Nearby attractions include Mariachi Plaza, LAC Hospital, USC Medical, Cal State LA, and the Metro Gold Line. In just minutes you can reach Downtown Los Angeles, Dodger Stadium, and Crypto Arena. The property also offers easy access to major freeways such as the 5, 60, 10, 710, and 110. If interested after the sale, discounted professional property management services are available for 6 months with current manager.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR4YY
Interior
Interior Features Granite Counters, Laminate Counters, All Bedrooms Down
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Refrigerator, Water Heater
Laundry None
Exterior
Parking Features Concrete, Gated, Paved
Fence Chain Link
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Park
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Common Roof
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre, Front Yard, Lawn, Landscaped, Near Park, Paved, Yard
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5239004058
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Trade
Special Listing Condition Standard
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Bought with Alan Tran • KW Executive
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