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$525,000
Est. payment /mo
0.33 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26119870
HOA Y/N No
Year Built 1910
Lot Size 0.333 Acres
Lot Dimensions Assessor
Property Sub-Type Triplex
Property Description
Please NOTE- The list price is the starting bid auction price, NOT the selling price. Property will be available for bidding on an online auction from 8/1/26 to 8/18/26. There will be a Seller Reserve, so this is not an Absolute Auction. There will be a Buyer Premium charge to the successful bidder. Call your Realtor about terms and conditions. Investor GOLD MINE! Not only do you get three 2/1 units, but the lot is zoned R3 and most properties on this side of the block are 8+ units! The lot is flat in front, but sloped in the rear, so you have building potential on the hill to capture amazing city lights views, including Chavez Ravine and Catalina! If it were renovated and rented at market value then this property is easily worth 1.3M, but add more units or a dream house on the hill and you could be looking at millions of dollars in property value! There is a down-side... Two of the three units are occupied and pay way under market rent. The third unit is occupied by a relative of the former tenant and has not paid rent since the tenant moved out, so he is considered a squatter. A 3-day Notice was served already. Both paying tenants are open to discuss relocation assistance. The upside is incredible, so hurry and make your offer subject to interior inspection TODAY!!! NOTE- property will be delivered with tenants and squatter in place at the close of escrow. Neither the seller nor their agent will begin eviction proceedings.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD3
Interior
Fireplace No
Laundry None
Exterior
Parking Features Driveway
Pool None
Community Features Street Lights, Sidewalks, Urban
Private Pool No
Building
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5211014021
Energy Description 3600.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Trust
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Listed by Patrick Owen Pat Owen Realty pat@patowen.com, DRE #01076539
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