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$998,000
Est. payment /mo
5 Beds
3 Baths
2,263 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,263 sqft
Price per Sqft $441
MLS Listing ID 26638505
Bedrooms 5
HOA Y/N No
Year Built 1911
Lot Size 5,719 Sqft
Property Description
Seller will consider buying down interest rate to approximately 4.5% for the first year! Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 5.7 % Cap Rate with additional rent upside potential. The property features two spacious 2-bed / 1-bath units and one 1-bed/1 bath unit. Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Laundry Common Area, Laundry Room
Exterior
Parking Features Uncovered
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Architectural Style Craftsman
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5016002003
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Listed by Jennifer Stein Keller Williams Realty Santa Barbara #01786020
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