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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,089,000

Est. payment - /mo

6,486 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26018950

HOA Y/N No

Year Built 1940

Lot Size 6,486 Sqft

Lot Dimensions Assessor

Property Sub-Type Triplex

Property Description

Ideal for 1031 exchange buyer or owner-occupied. Cap rate is about 5.5~6%. Start earning rental income from day one with this tenant-occupied property. Solid 7200 monthly income with strong tenants!! All units are month to month lease. This is a DREAM property for an investor or occupant owner. This property is not located in LA rent control area, NOT RSO. 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. Do not disturb tenants. All three units are occupied. The detached bonus 1bed 1 bath unit is vacant and previous rent is 1200. Don't miss the opportunity.!This is the house in the area that you can cover all your expense and payment with rental income and enjoy some positive cash flow!

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LCR4YY

Rooms

Other Rooms Guest House Detached, Storage

Interior

Interior Features Granite Counters, Laminate Counters, All Bedrooms Down

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Gas Oven, Gas Range, Refrigerator, Water Heater

Laundry None

Exterior

Parking Features Driveway

Fence Chain Link

Pool None

Community Features Street Lights, Sidewalks, Urban, Park

Roof Type Common Roof

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Lawn, Landscaped, Near Park, Paved, Rectangular Lot, Yard

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

Additional Building Guest House Detached, Storage

New Construction No

Others

Senior Community No

Tax ID 5239004058

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Ken Wong STIGLER MORTGAGE #02241255

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1031 S Ditman Los Angeles, CA 90023