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Drake Cruz

drake@drake4homes.com +1(562) 884-9016

$ 998,000

Est. payment | -/mo

5 Beds

3 Baths

2,263 SqFt

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$ 998,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,263 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,263 sqft

Price per Sqft $441

MLS Listing ID 26638505

Bedrooms 5

HOA Y/N No

Year Built 1911

Lot Size 5,719 Sqft

Property Description

Seller will consider buying down interest rate to approximately 4.5% for the first year! Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 6 % Cap Rate with additional rent upside potential. The property features two spacious 2-bed / 1-bath units and one 1-bed/1 bath unit. Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area. One of the 2 bedroom units can be delivered vacant.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Refrigerator

Laundry Common Area, Laundry Room

Exterior

Parking Features Uncovered

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5016002003

Financing Cash,Conventional,FHA

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jennifer Stein Keller Williams Realty Santa Barbara #01786020

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 884-9016

drake@drake4homes.com

6621 E Pacific Coast Hwy #150, Long Beach, CA 90803, USA

1474 W Vernon AVE Los Angeles, CA 90062

Drake Cruz

Key Details

Location

Interior

Exterior

Building

Others

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1474 W Vernon AVE