Tour the property today November 5th, from 6Pm - to 7Pm.Rent Upside! For sale 3 units in West of Downtown Los Angeles, California .Submarket Korea town. For more information contact the listing agent, Armin Soleimani arminsoleimani@gmail.com 310 666-2246

Posted: 10/18/2021 1:51 pm | On HOMEiZ: 930 days | Updated: 1 year ago | Views: 1031 | Saved to favorites: 1

Location Map

Property Type

Property status

Off market

Property Price

Asking Price

$1099000

Last Sold Price

$ N/A

Total Lot Size

5,171.00 Sq. Ft.

Asking Price per Sq. Ft.

$324

Total Building Size Sq. Ft.

3388

Commission Split %

Contact listing agent%

Cap Rate %

5.22%

Gross Annual Income

Net Operating Income

$57368

Gross Rent Multiplier

14.53

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$13738

Property Location & Description

Listing Headline

Tour the property today November 5th, from 6Pm - to 7Pm.Rent Upside! For sale 3 units in West of Downtown Los Angeles, California .Submarket Korea town. For more information contact the listing agent, Armin Soleimani arminsoleimani@gmail.com 310 666-2246

Rent control

Non Rent Control

Property Description

Owner-User-Triplex just West of Downtown LA. Live in 1 and rent the 2 others, 1 unit will be delivered vacant. The offering consists of two separate buildings totaling 3,388 square feet of living space. The said buildings sit on a 4,556 square foot lot which is zoned R2 and qualifies for TOC Tier 1 benefits. The property will be delivered with occupied units, all tenants have paid through the pandemic and are current on their rents. This is a great fit for anyone looking for a stabilized asset or a safe 1031-exchange.

Location Description

Located just 2 miles east of Downtown LA, 2 miles north of USC. Centrally located in proximity to public transit, shopping, trendy dining, and excellent schools.

No. of Units

3 (Triplex)

Price per Unit

$375000

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

$1400

2+1

$1850

3+1

$3200

APN / Parcel ID

No Data

Zoning

Occupancy %

70%

Construction Type

Wood & Stucco

No. Stories

Year Built

1915

Overall Property Condition

Very good

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

On-street

# of Covered Parkings

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

http://www.globalmajorproperties.com/author/armin/

Listing Info

Listing ID: 2913

Off market

For Sale

$1,099,000

Listing Presented by

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1821 Normandie Avenue . Mid City , CA 90018