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Tera Rench

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

$550,000

Est. payment - /mo

5 Beds

5 Baths

4,733 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,733 sqft

Price per Sqft $116

MLS Listing ID MB26218424

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1952

Lot Size 0.819 Acres

Property Sub-Type Triplex

Property Description

Seller is willing to offer concessions. ATTENTION INVESTORS! Great opportunity to own a fully occupied 5-unit income-producing property in Pearblossom! The current monthly income is $4,175. Here is the breakdown of the rental income: $1075, $700, $1,000, $700, $700 per month. This is the type of property investors have been looking for. Strong rental potential, existing tenants, and rents that are currently BELOW MARKET, offering an excellent opportunity to increase cash flow and value over time.

The property offers approximately 4,733 sq. ft. of living space and is situated on a 35,651 sqft lot with LCR3 zoning. All 5 units are currently occupied and generating $4,175 in monthly income. This is a true VALUE-ADD opportunity for an investor willing to put in some TLC and improvements. This is a great FIXER, HANDYMAN SPECIAL, CONTRACTOR SPECIAL, or renovation opportunity depending on your investment strategy.

Great opportunity to BUY, IMPROVE, and BUILD EQUITY while collecting rental income. Bring your contractors, handyman, property manager, or investment team and explore the possibilities. Potential for converting to Section 8 and increased rents and improved income through renovations and better management. Buyer to independently verify all zoning, permits, square footage, unit count, rental income, development potential and other property information with the appropriate agencies.

MOTIVATED SELLER! Properties like this rarely offer the combination of 5 existing units, current occupancy, below-market rents and value-add potential. Ideal for an investor looking for a rental property, cash-flow opportunity, fixer, rehab project or long-term investment. This one could sell fast. Don't miss this opportunity!

Property sold "as is" buyer(s) and agent(s) to do their due diligence & satisfy themselves with regards to all aspects of the property including but not limited to square feet, room count, liens and permits. seller(s) or seller's agent(s) is/are not professional home inspector(s), contractor(s) or appraiser(s) and is/are not trained to guarantee or make promises in regard to property condition.

Location

State CA

County Los Angeles

Area Pblm - Pearblossom

Rooms

Main Level Bedrooms 5

Interior

Interior Features All Bedrooms Down

Heating Wall Furnace

Cooling Electric

Flooring Carpet, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Biking, Dog Park, Foothills, Hiking, Horse Trails, Hunting, Park

View Y/N No

View None

Porch None

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Triplex

Story 1

Entry Level One

Sewer Septic Type Unknown

Architectural Style Craftsman

Level or Stories One

New Construction No

Schools

School District Apple Valley Unified

Others

Senior Community No

Tax ID 3038015027

Acceptable Financing Cash, Conventional, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan

Listing Terms Cash, Conventional, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=TziEvfwwzEY

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Listed by TIM MARAIS ROCKCAL REAL ESTATE 818-642-8524, DRE #02130924

NEARBY SCHOOL & BUSINESS

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12529 E Avenue V10 Pearblossom, CA 93553