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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$699,000

Est. payment - /mo

6,760 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID IN25166362

Construction Status Fixer,Repairs Cosmetic

HOA Y/N No

Year Built 1940

Lot Size 6,760 Sqft

Property Sub-Type Triplex

Property Description

Great Opportunity to own a Bread and Butter Income Property for the price of a Single Family home! This triplex offers a CAP Rate upwards of 7.4%! Additional BONUS of at least 95% upside in rents! Great value add opportunity. Zoned RD2. Endless possibilities. Fix and flip / lease up or Park your 1031 Exchange. Convert garages to ADUs for additional income or explore the full re-development route and take advantage of the One Big Beautiful Bill that brings back 100% bonus depreciation! All 3 units are separately metered for gas and electric. Tenants pay for all utilities except water/sewer. New flooring and new paint in unit 1625. Copper plumbing throughout the property. Perfect for owner user or get your own tenant at market rent! This property is gated for privacy and is priced to sell!

Conveniently located close to schools, SoFi Stadium, Intuit Dome, Forum, BMO Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Long-term tenants in good standing. Start collecting income right away! Great for seasoned investor or first time buyer. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Property will be delivered with existing tenants and one unit available to lease up.

Download the OM Package to obtain more info. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy themselves on ALL aspects of the property.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD2

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Paved

Garage Spaces 3.0

Garage Description 3.0

Fence Wrought Iron

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N No

View None

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Private

Architectural Style Bungalow

New Construction No

Construction Status Fixer,Repairs Cosmetic

Others

Senior Community No

Tax ID 6034010019

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Bryan Castillo Castillo Realty Group, Inc. 310-498-6908

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1621 W 82nd ST Los Angeles, CA 90047