Start earning rental income from day one with this fully tenant-occupied property! Exceptional income-producing property priced below market for a quick sale. This fully tenant-occupied asset offers immediate, stable rental income of approximately $5,600/month All lease are month-to-month lease, making it an ideal opportunity for investors or owner-occupants seeking strong… Read More returns. Rent are close to the market but still have room to increase. The property also has a laundry room for extra income. Great value-add opportunity and projected rent can be over $6,700/month.
The property has been professionally managed and well maintained over the past 5 years, with long-term tenants who have consistently paid on time for over a decade. Rents are near market value, with built-in potential for future increases.
Property Features:
Front home (built in 1923): 3 bedrooms, 1 bathroom
Rear duplex: Two units, each with 2 bedrooms and 1 bathroom
Spacious backyard with convenient alley access
Designated parking for all units
Updated windows and newer water heaters throughout
On-site laundry room offering additional income potential
Recent landscaping improvements including new soil and gardening upgrades
Prime Location:
Convenient access to major freeways including the 5, 10, 60, 710, and 110. Easy commute to downtown via the newly developed 6th Street Bridge. The surrounding area is experiencing strong growth, with multiple mixed-use developments underway.
Additional Notes:
Property is being sold as-is. Information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence and consult with professionals. Read Less
Property listed by STIGLER MORTGAGE, Ken Wong 310-259-7556
Listing Snapshot
Days Online
99
Last Updated
Property Type
Triplex
Lot Size
0.14 Acres
Year Built
1922
MLS Number
CV25264445
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1922, 2 buildings, 2 stories, Levels: MultiSplit, Entry level: 1, Entry location: 1
ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected, Water Source: Public, 3 separate electric meters, 3 separate gas meters
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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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