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$ 1,295,000
Est. payment | /mo
8 Beds
5 Baths
6,502 Sqft Lot
$ 1,295,000
Est. payment | /mo
8 Beds
5 Baths
6,502 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26208145
Bedrooms 8
Lot Size 6,502 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Seize a rare opportunity to acquire a cash-flowing triplex in West Adams one of Los Angeles' most dynamic and appreciating neighborhoods. This turnkey asset offers immediate upside: the main 4BD/2BA unit is ready to rent or live in with a 3BD/2BA second unit, and a 1BD/1BA rear unit all with a private yards maximizing rental income. Based on pro forma rents for the 4bd unit, the property offers an estimated Gross Operating Income of $106,680 and Net Operating Income of $80,455, reflecting a 12.14 GRM and a 6.2% cap rate. Located just 12 minutes from USC, and 15-25 minutes from most of the LA area, the property draws steady rental demand from the university-adjacent community as well as anyone who likes being 20 minutes from everywhere and steps from some of LA's most exciting new restaurants.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 1-10 freeway, exit S La Brea Ave, E on W Adams, S on Hillcrest or exit Crenshaw Blvd., S to W 28th St., S on Hillcrest.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5057007019
Acceptable Financing Cash, Conventional, Exchange, FHA, Land Contract, VA
Listing Terms Cash, Conventional, Exchange, FHA, Land Contract, VA
Listed by Diana Fang, DRE#01918964 Landon Realty Group
Nearby Locations
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Krystal Lane
Partner Lic# 1918284