Introducing a remarkable investment opportunity a versatile triplex perfect for investors or owner-users. The front unit is a newly remodeled 2-bed, 1-bath space, which is ready for immediate occupancy or tenancy. The middle unit, also remodeled, is currently rented for $2,420 under a Section 8 agreement, offering stable income. At… Read More the rear, a charming standalone 3-bed, 1-bath home includes in-unit laundry, rented for $1,822 to a Section 8 tenant. With the front unit rented, this triplex achieves an IMPRESSIVE 7.7% CAP RATE. Priced attractively at a 10 GROSS RENT MULTIPLIER, it yields an 8.1% ANNUAL ROI with just 25% down. For owner-users, this is an unbeatable opportunity to reside in the front unit while the rental income from the other units covers most of your mortgage and expenses. Seize this chance to own a property with separate meters and strong financials! Read Less
Courtesy of Coldwell Banker Realty 310-802-5700
Listing Snapshot
Days Online
42
Last Updated
Property Type
Other
Beds
7
Square Ft.
2,264
Lot Size
0.12 Acres
Year Built
1924
MLS Number
SB26107230MR
30 Days Snapshot Of 90003
$400k
0%
(avg) sold price
0
-100%
homes sold
36
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,264 sq ft, Built in 1924, "Attached"
Community
"Sidewalks"
Cooling
"None"
Fireplaces
"None"
Garage
0 total garage spaces, "Driveway"
Water Features
Water: "Public"
Heating
"Wall"
Laundry
"Other"
Lot
LotAcreage: 0, LotSizeArea: 5,105
Parking
CarportSpacesTotal: 0, TotalParking: 0
Pool
"None"
Property
EntryFloorNumber: 1, LandLeaseType: "Fee", NumberOfUnits: 3, ViewYN: t
Sewer
"Public Sewer"
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