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Listed by Ken Wong, DRE #02241255 • STIGLER MORTGAGE
$ 1,010,000
Est. payment | /mo
6,077 Sqft Lot
$ 1,010,000
Est. payment | /mo
6,077 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25264445
Year Built 1922
Lot Size 6,077 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
CAP RATE 5.5%. GRM 14.28. New owner can use the laundary room to increase the CAP RATE to over 6%. The only GEM in the area close to East LA and Downtown with existing cap rate over 5%, not in city terrace with low rental return! Prime development opportunity - positioned on a high-visibility corridor with strong traffic counts and long-term growth potential. This property is a rare R3 land which offers an excellent opportunity for developers, builders, and value-add investors seeking to capitalize on a well-located parcel with flexible future use (buyer to verify zoning, density, and permitted uses with the city). The land itself already worth over 900K and planned for multi-familiy. Also, it starts earning rental income from day one with this fully tenant-occupied property while you are waiting for plan check or you want to keep it! Exceptional income-producing property priced below market for a quick sale. This fully tenant-occupied asset offers immediate, stable rental income of approximately $5,600/month All lease are month-to-month lease, making it an ideal opportunity for investors or owner-occupants seeking strong returns. Rent are close to the market but still have room to increase. The property also has a laundry room for extra income. Great value-add opportunity a
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area, Washer, Dryer
Exterior
Pool None
Building
Lot Description Grade - Sloped Up
Story Split Level
Water District - Public
Others
Tax ID 5188004049
Special Listing Condition Not Applicable
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