Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair… Read More salon that has successfully operated at this location for many years. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth. Read Less
Property listed by Wetrust Realty, Kai Kyi 310-259-7556
Listing Snapshot
Days Online
51
Last Updated
Property Type
Triplex
Lot Size
0.28 Acres
Year Built
1934
MLS Number
AR26011009
Additional Details
Building
Built in 1934, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: Font, Construction Materials: Stucco
Community
StreetLights, Sidewalks
Expenses
Insurance: $3,300, Operating: $20,980
Fireplaces
None
Foundation
Raised
Garage
2 spaces
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $12,000, Gross ScheduledIncome: $12,000, Net Operating Income: $120,000
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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