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$ 998,000
Est. payment | /mo
5 Beds
2,263 SqFt
$ 998,000
Est. payment | /mo
5 Beds
2,263 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,263 sqft
Price per Sqft $441
MLS Listing ID CL26638505
Bedrooms 5
HOA Y/N No
Year Built 1911
Lot Size 5,721 Sqft
Acres 0.13
Property Sub-Type OTHER
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 5.7 % 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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 5016002003
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Listed by Jennifer Stein • Keller Williams Realty Santa Barbara
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Patrick Nagel
REALTOR® | Lic# 1760790