$870,000
$850,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
5,331 Sqft Lot
SOLD DATE : 11/29/2023
Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW23167112
Sold Date 11/29/23
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1914
Lot Size 5,331 Sqft
Property Sub-Type Triplex
Property Description
Over 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 units on the property within 2 buildings. Unit 1 is a 5/2. Unit 2 is a 2/1. Unit 3 is a 2/1. According to tax records, Unit 1 states 4 bedrooms however it does have a 5th bonus room. Each unit is individually metered for electricity & gas. There is a parking area in the back of the property with access from the alley which could potentially be used to build an ADU (buyer to verify). 2 units are close to market rent while there is a tremendous upside on Unit 3. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 2 was completely renovated down to the studs in 2019. The lot size is a little over 5,300 sq ft. Only a few minute drive to Exposition Park, USC, Downtown Los Angeles, and more. 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 C37 - Metropolitan South
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s), Granite Counters, Laminate Counters, All Bedrooms Down, Bedroom on Main Level
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Microwave
Laundry Inside
Exterior
Exterior Feature Rain Gutters
Parking Features Off Street
Fence Wood
Pool None
Community Features Biking, Curbs, Sidewalks, Park
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Flat
Total Parking Spaces 1
Private Pool No
Building
Lot Description 2-5 Units/Acre, Near Park, Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5101013007
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with TOM LEO CHAVEZ • TLC REALTY AND INVESTMENTS INC
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