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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,295,000

Est. payment - /mo

6,503 Sqft Lot

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Open House

Sat Oct 17, 1:00pm - 4:00pm

Sun Oct 18, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26208145

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1927

Lot Size 6,503 Sqft

Property Sub-Type Triplex

Property Description

Seize a rare opportunity to acquire a cash-flowing triplex in West Adams — one of Los Angeles' most dynamic and appreciating neighborhoods.
This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit — all with a private yards — maximizing rental income.
Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106,680 and Net Operating Income of $80,455, reflecting a 12.14 GRM and a 6.2% cap rate.
Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Refrigerator, Vented Exhaust Fan

Laundry Inside

Exterior

Parking Features Driveway

Pool None

Community Features Urban

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5057007019

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan

Special Listing Condition Standard

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Listed by Diana Fang Landon Realty Group 213-422-4358, DRE #01918964

NEARBY SCHOOL & BUSINESS

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2839 Hillcrest DR Los Angeles, CA 90016