Description
Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus, Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus, Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at this moment, it has same track number with 2 Parcel Nos. [This existing triplex on 1st lot and the 2nd empty lot may be constructed another duplex (~2400 sqft each]. Buyer to Verify with City again, possible to separate to 2 different address: ask the Owner how. Fireplace: Gas, Heating: Gas, Permitted Triplex has (Unit #1) 2BR + 1BA rent $1490/mo. (recently remodeled). ( Unit # 2) 2BR + 1BA rent $950/mo. )(Unit # 3) 2BR + 1 BA rent $947/mo. (Unit #4) 2BR + 2BA rent $875/mo [without permit]. 1st 2 tenants are living 20+ yrs. and the 3rd tenant is 10+ yrs. Total rent is $4262/mo. PRO FORMA CAP RATE IS: 9.3%-10.4%. 12 parking Spaces. Property Sold AS-IS
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8BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus, Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus, Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at this moment, it has same track number with 2 Parcel Nos. [This existing triplex on 1st lot and the 2nd empty lot may be constructed another duplex (~2400 sqft each]. Buyer to Verify with City again, possible to separate to 2 different address: ask the Owner how. Fireplace: Gas, Heating: Gas, Permitted Triplex has (Unit #1) 2BR + 1BA rent $1490/mo. (recently remodeled). ( Unit # 2) 2BR + 1BA rent $950/mo. )(Unit # 3) 2BR + 1 BA rent $947/mo. (Unit #4) 2BR + 2BA rent $875/mo [without permit]. 1st 2 tenants are living 20+ yrs. and the 3rd tenant is 10+ yrs. Total rent is $4262/mo. PRO FORMA CAP RATE IS: 9.3%-10.4%. 12 parking Spaces. Property Sold AS-IS