$560,000
$599,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
4,948 Sqft Lot
SOLD DATE : 12/22/2015
Key Details
Sold Price $560,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 15960929
Sold Date 12/22/15
HOA Y/N No
Year Built 1931
Lot Size 4,948 Sqft
Property Description
Cash machine! Attractive triplex in peaceful area near Leimert Park. Sale price $599,000, GSI = $53,460, GRM = 11.20, Cap Rate = 8.21. Amazing low expenses due to Seller upgrades and value add. All three of the units have been completely rehabbed, with new floors, granite countertops, kitchen cabinets, carpets, doors, bathrooms, baths, sinks, and more. The jewel in the crown is the 2BD/1BA Craftsman style front house, which has been renovated to replicate the original interior architecture. FRONT UNIT TO BE DELIVERED VACANT OR RENTED! Stable, long-term tenants (1+ years). Exceptionally low monthly costs and tenants pay ALL utilities. 200 sq. foot bonus room and washer/dryer located in front unit. Expanded driveway. Major landscaping (includes conversion to complete drought-tolerant pants and top of the line artificial turf resulting in considerable water savings). Driveway gate. Private patio with each unit. Side yard for BBQ. On-site parking for 3 cars or more. This is a cash cow!
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR1
Interior
Flooring Wood
Fireplaces Type Decorative
Fireplace Yes
Appliance Disposal, Dryer, Washer
Exterior
Parking Features Driveway
Total Parking Spaces 3
Building
Lot Description Sprinklers None
Story 2
Architectural Style Craftsman
Others
Tax ID 5015029003
Special Listing Condition Standard
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Bought with Scott Harvey • Figure 8 Realty
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