There is a whole lot to like about this Spanish style triplex, which I will detail for you right now: First, more than most, it really lends itself to being an owner-user property, which it has been for 15 years. Secondly, the two largest units will be delivered vacant! The largest unit, the 1100 sq ft 2 bed unit the owners have been living in for the past 15 years, and the 900 sq ft 1 bed unit. Of course this means you will be able to get market rent for those two units. Also, if you as the new owner decided to live in the detached 1 bed unit on the other side of the garages, those people will also leave. So you as the owner would basically be living in a single family home with its own yard, and never see the tenants who will live on the other side of the garage/parking pad. All three units have great outdoor space to enjoy, as you can see in the photos. They all have In-unit laundry in each unit. Also, in a part of town where parking is at a premium, there is tons of parking on this property. Three garages plus three more parking spots on the concrete pad just in front of the garages. And, finally, the property will stand up well to a licensed home inspection, as the current owners have been diligent about upkeep. According to the owners, there is new copper plumbing, the sewer line to the street is new, foundation was re-done after the Northridge earthquake, and there is updated electrical. Also, kitchens and bathrooms have been re-done. Bottom line, you are not walking into a money pit, but rather, a property that has been well maintained and updated. Note - Photos 12 - 30 are the 1100 sq ft 2 bed unit; photos 32 - 44 are the 900 sq ft 1 bed unit; photos 47 - 59 are the detached 700 sq ft 1 bed unit. Owner's unit can be shown anytime. Other units shown with accepted offer. Come check it out. It's a winner!
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This is My PropertyThe income description goes here to explain
List Price | $1,449,000 |
Property Type | Triplex (3-units) |
Usable Sqft | 2,754 |
Number of Stories | 1 stories |
Parking Spots | 0 spots |
Year Built | 1925 |
Last Sold | December 27, 2024 |
Sold Price | 1,500,000 |
APN # | 5675016001 |
MLS # | 24455807 |
Property ID | 292794790 |
Lot Sqft | 7,321 |
Zoning | GLR4YY |
Total Units | 3 |
Date Updated | December 27, 2024 |
Date Created | October 23, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | 2 | 1.00 | $0 | $3,000 |
Unit #2 | 1 | 1.00 | $0 | $2,500 |
Unit #3 | 1 | 1.00 | $2,000 | $2,500 |
Gross Income (Yr) | $ 90,000 |
Operating Expenses | $ 27,000 |
Net Income (Yr) | $ 63,000 |
Ken Shapiro an agent of . Lic #01715663
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT