A sought-after classic. A sophisticated, deftly curated Manhattan Style French Normandy Townhouse Triplex, in the heart of Beverly Grove. Each unit tells its own story, including a VACANT stunning rear owner's unit (3 bedrooms + 2.5 bathrooms) that spans three sunlit floors of beautifully renovated living space. Highlights include… Read More a designer chef's kitchen with quartz counters and Viking/Subzero appliances, new baths, refinished oak floors, striking tile and paintwork, and three-zone central HVAC. The first-floor features gracious public rooms that open to a lush, secluded garden with patio seating and a fire pit nestled beneath the trees. The second level offers both primary and secondary bedrooms with a shared Art Deco-style bath. Upstairs, the third level unfolds into a sprawling suite with a family/game room, home gym, large bedroom, and another luxurious bath. Completing the building are two, 2-bedroom, 1.5-bath townhomes which include: A center unit, recently remodeled in the same vein as the owner's unit, offering modern conveniences coupled with detailed 1930s charm, a formal living room, dining room, in-unit laundry, powder room, and upstairs 2 bedrooms and large 4-piece luxe bath upstairs. as well as a large detached four car garage with the opportunity for an ADU (buyer to verify). The front unit with a similar townhouse format and lovely period detail. A perfect owner/user opportunity, or the bread-and-butter investment you've been waiting for. Projected Gross Income: $174,088. Projected Cap Rate of 5.35% based on Property Taxes at 1.25% of List Price and Expenses of $12,200/year ($7,000/year for Insurance, $3,400/year for water, and $1,800/year for gardener). Buyer to undertake all due diligence regarding such matters, potential rents and state/local rent control/eviction laws, rules and regulations. Buyer to do all diligence with respect to expenses/costs, which may differ from Seller's experience. Seller makes no representations whatsoever as to the foregoing. Read Less
Property listed by Rodeo Realty, Peter Maurice 310-259-7556
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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