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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,350,000

Est. payment - /mo

7 Beds

3 Baths

3,295 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,295 sqft

Price per Sqft $409

MLS Listing ID 26863879

Bedrooms 7

Construction Status Fixer,Updated/Remodeled

HOA Y/N No

Year Built 1923

Lot Size 8,380 Sqft

Property Description

Character 1923 Spanish triplex in the hip and centrally located West Adams neighborhood, just minutes to Mid City, Beverly Hills, USC, Koreatown, Culver City, DTLA. Uniquely situated on a spacious 8394sf lot with 2-car enclosed carport in rear and additional 6 parking spaces, plus a detached storage structure. Potential for larger development. Remodeled top floor unit with 3 bedrooms and 1 bath plus deck and balcony, is approx 1300sf and two large (approx 990sf) units below, comprising of a remodeled 2 bed, 1 bath with large side yard and another 2 bed, 1 bath. Extensive renovations include seismic retrofit, new sewer line to street, new roof in 2020, new exterior paint, brand new electrical and plumbing on two units, plus tankless water heaters for all units and brand new split AC for upstairs unit. Ideal for owner-user or investor looking to buy and hold in a highly sought-after area that continues to benefit from immense development with Metro Expo rail connections, proximity to 10FWY, hip and trendy restaurants and shops. Fully tenant occupied. Approx 6% CAP RATE as two of the units get market rate rents, while there is huge upside potential on the lower floor unit.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Rooms

Other Rooms Shed(s)

Interior

Heating Wall Furnace

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Oven, Refrigerator, Dryer, Washer

Laundry See Remarks

Exterior

Parking Features Carport, Driveway, Garage, Tandem

Carport Spaces 2

Pool None

View Y/N Yes

View City Lights, Hills

Roof Type Composition

Porch Deck, Porch, Rooftop

Total Parking Spaces 8

Private Pool No

Building

Faces South

Story 2

Entry Level Two

Sewer Other

Architectural Style Spanish

Level or Stories Two

Additional Building Shed(s)

New Construction No

Construction Status Fixer,Updated/Remodeled

Others

Senior Community No

Tax ID 5051003016

Special Listing Condition Standard

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Listed by Yuri Huxley Coldwell Banker Realty #01917264

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

3919 W 27th ST Los Angeles, CA 90018

Ernie Caponera

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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3919 W 27th ST