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Ernie Caponera

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

$1,350,000

Est. payment - /mo

8 Beds

6 Baths

3,064 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,064 sqft

Price per Sqft $440

MLS Listing ID TR26232019

Bedrooms 8

Full Baths 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1920

Lot Size 6,298 Sqft

Property Sub-Type Triplex

Property Description

This completely renovated 3-unit property, with a brand-new attached and detached ADU, offers immense flexibility to both investors and owner-users. Live in one unit and rent the others, or hold the whole property as a cash-flow investment. Pro forma GSI is ~$115,200 with a 6.0% cap. Unit mix consists of 1) Front 3-bd / 2-ba of ~1,064 sf, 2) Newly built attached ADU 2-bd / 2-ba of ~798 sf, and 3) Newly built detached ADU of 3-bd / 2-ba of ~1,200 sf. All units are individually metered and addressed, and each comes with its own laundry and appliances. Solar lease on the detached ADU can be assumed or purchased. The long driveway provides some parking spaces, and street parking is readily available. With little to no landscaping needed, operating expenses are limited to water, which can be passed through, and acute/routine maintenance. Located within 6 miles of Downtown LA, this property presents a welcoming opportunity to stake a foothold in the robust LA rental market.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Rooms

Main Level Bedrooms 8

Interior

Interior Features Eat-in Kitchen, High Ceilings, Open Floorplan, Quartz Counters, Primary Suite, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Washer Hookup, Gas Dryer Hookup, Laundry Closet

Exterior

Parking Features Driveway

Fence Vinyl, Wrought Iron

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Asphalt

Porch Concrete

Private Pool No

Building

Lot Description Level

Dwelling Type Triplex

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5239014016

Acceptable Financing Cash, Conventional

Green/Energy Cert Solar

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Kevin Lo Exp Realty of California Inc 626-240-1188, DRE #02008476

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

1008 S Gage AVE Los Angeles, CA 90023