TREMENDOUS UPSIDE! This well-maintained triplex offers a rare opportunity for significant rental growth in the rapidly evolving Boyle Heights market. The property features approximately 3,245 sq ft of building area on a 5,071 sq ft corner lot, providing excellent ingress and egress for parking. The front building consists of two… Read More units a 3-bedroom, 1-bath and a 2-bedroom, 1-bath while the detached rear unit offers 3 bedrooms and 2 bathrooms and was fully remodeled approximately 4 years ago. This versatile unit mix is highly desirable for maximizing rental income and attracting long-term tenants. Tenants share the driveway for parking and are responsible for maintaining the parking area. Tenants also pay all utilities, keeping landlord expenses minimal and limited to property taxes and insurance. With low operating costs and strong income potential, this property is an efficient, income-producing investment. Located in a quiet residential neighborhood, the property offers a unique blend of suburban comfort with close proximity to ongoing development and appreciation throughout Boyle Heights. BONUS OPPORTUNITY: Back unit will be moving out in June. It will be delivered vacant for owner occupying the unit. It is also a great opportunity to raise the income to market value. The adjacent property at 645 N Cummings is also available for sale, presenting a rare chance to acquire multiple income properties in a prime location. Additional details available upon request. Read Less
Property listed by Keller Williams Larchmont, Alexis Kim 310-259-7556
Listing Snapshot
Days Online
49
Last Updated
Beds
8
Square Ft.
3,245
Lot Size
0.12 Acres
Year Built
1905
MLS Number
26803945
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1905, Living area: 3245.0, 2 buildings, Levels: Two
Cooling
WallWindowUnits
Disclosures
RentControl, SellerDisclosure
Heating
ForcedAir
Income
Gross Income: $81,878, Net Operating Income: $64,759
Lot
0.1165 acres
Parking
5 total parking spaces, Paved
Taxes
Parcel Number: 5175031010, Zoning: LAR2
Tenant Pays
Electricity, Gas, GroundsCare, TrashCollection, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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