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$849,000
Est. payment /mo
7 Beds
4 Baths
6,141 Sqft Lot
Open House
Sat May 02, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26086627
Bedrooms 7
Lot Size 6,141 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Three units on a gated large corner lot. One vacant and move-in ready. Two occupied and generating $4,307.79 per month. This is the kind of property that works for almost any buyer. The front unit is a fully remodeled 3 bed / 2 bath spanning 1,248 sq ft with hardwood floors, quartz countertops, stainless steel appliances, upgraded windows, and remodeled bathrooms throughout. It is currently vacant and will be delivered vacant at close of escrow, giving a new owner the option to occupy the front home while the two rear units offset the mortgage, or lease it at market rate projected at $3,200 per month. All three units are fully detached, each with their own private entrance, offering tenants a level of privacy that is uncommon at this price point. The two rear units are both occupied on month to month tenancies. The middle unit is a 2 bed / 1 bath generating $2157.79 per month and the ADU, a fully permitted 2 bed / 1 bath constructed in 2021, is generating $2,150 per month. Combined in place income on the two rear units is $4,307.79 per month. Tenants pay all utilities with the exception of water. At full occupancy the property projects $8,200 per month across 2,415 sq ft of total building area. The property is LAR3 zoned, well maintained, and positioned minutes from Downtown LA, USC, and major freeways. Whether you are an owner occupant, a seasoned investor, or a 1031 exchange buyer, the in place income, the vacant front unit, and the underlying zoning make this one of the more compelling three unit opportunities available in South Los Angeles today.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Figueroa & 78Th Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6020034013
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
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Listed by Samuel Woldeyesus, DRE#01915193 Compass
NEARBY SCHOOL & BUSINESS
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