Three separate units located in Vermont Square with 2 units DELIVERED VACANT . One unit offers immediate income with upside potential for rent growth or future redevelopment. Perfect for Owner -User or due to zoning flexibility perfect for investors, value-add buyers, and long-term redevelopment strategist.
Property feautures… Read More a 2 bedroom 1 bath house that will be delivered vacant and has a projected rent of $2500 ! . A 1 bedroom 1 bath collecting rent and a Large -ready to move in -already vacant 1 bedroom 1 bath that can rent for $2000 Recent improvements include new roofs , copper plumbing and tankless water heaters enhancing long-term durability and reducing near-term capital expenses. The RD-1.5 zoning, allowing commercial, residential, or mixed-use development, offers the best of both worlds for future development potential while remaining financeable, as rebuild letter is available (buyer to verify). Yet location is residential having a school across the street but its alley access provides for up to 6 parking spaces or a possible future ADU leaving room for growth ! Excellent opportunity to acquire a versatile multi-unit property in a high-demand central Los Angeles location, just minutes from USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, and Downtown LA. Read Less
Property listed by KELLER WILLIAMS LARCHMONT, JOSEPHINE SAN LUCAS 310-259-7556
Listing Snapshot
Days Online
32
Last Updated
Property Type
Triplex
Lot Size
0.15 Acres
Year Built
1923
MLS Number
MB26023686
Additional Details
Building
Built in 1923, 3 buildings, 1 storey, Entry level: 1, Entry location: 1
Community
StreetLights, Sidewalks
Expenses
Insurance: $2,825, Water/Sewer: $3,870
Fireplaces
None
Heating
Combination
Income
Gross Income: $53,616, Gross ScheduledIncome: $53,616, Net Operating Income: $46,921
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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