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House Los Angeles (United-States) Price: $ 1,275,000 USD
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Bedrooms 3  Land 418 m2

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FULLY VACANT TRIPLEX at the crossroads of Silver Lake and Historic Filipino Town. A truly unique opportunity that will provide cashflow from day one, or a fantastic owner/user residence to sit back and enjoy while you build equity. Every unit of this 1920's craftsman has been updated and is ready for full market-rate rental income. Three one bedroom units feature new or newer appliances, expansive cabinet space, and updated baths with subway tile and quartz counters. Petite porches, separate entrances, and the ability for each unit to have its own designated outdoor space adds to the feeling of privacy. A large gated front yard could easily be divided for the individual use of both front units, while a large back patio with a centerpiece lemon tree has enough room for entertaining, lounging and developing your green thumb. Two of the units have direct access to the back patio, while one features a skyline view of downtown. Recently reconverted from a duplex back to a triplex, everything has been permitted and signed off on by the City, making this a worry-free investment property for the ages. A gated rear parking pad has room for three cars in addition to a one car garage that could be great for storage, or as value-add for one of the units. This property is a great addition to any portfolio, or an excellent way to dip your toe into the world of income property. Estimated 6% Cap Rate or 24% Cash over Cash Return (based on 25% down payment). Any way you slice it, this property pencils out.

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Advertiser reference: CJ77VV - Le Figaro Properties reference: 75095144

Its assets

  • Air-conditioning
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In detail

    • Surface NC*
    • Pièces NC*
    • Chambres 3
    • Land 418 m2
    • Construction 1921
    • Parking NC*
    • Salles de bain NC*
    • Toilettes NC*
    • Exposition NC*
    • Chauffage NC*
    • Cuisine NC*
    • Taxe foncière NC*

  • Energy Performance Certificate

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    *GreenHouse Gas emission

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  • $ 1,275,000
    Finance my mortgage

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House Los Angeles (United-States)

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Elizabeth Marie Daly Sotheby's International Realty - Los Feliz Brokerage 1801 North Hillhurst Avenue
90049 Los Angeles (United-States) All the listings of this agency Contact an advisor

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Los Angeles (United-States)
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