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Listed by Alex Figueroa • eXp Realty of Southern CA
$1,375,000
Est. payment /mo
2,608 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,608 sqft
Price per Sqft $527
MLS Listing ID RS-26237664
Year Built 1921
Lot Size 5,255 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
We are pleased to present this Multifamily Investment opportunity located in Los Angeles consisting of if three units : (2) two-bedroom/one bath units and (1) one-bedroom/one bath unit.
The property is currently undergoing renovations and is completely vacant and is being offered in its current condition. For buyers seeking a fully completed renovated property, pricing will be adjusted accordingly based on the scope and level of finishes requested.
The property is currently vacant and this also adds value because the new buyer will be able to establish market rents day one.
The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyers verification with the city.
This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential.
This area has shown tons of growth and lots of business development in the immediate area is good for economic growth.
Rendered Pictures are Renderings of the existing structure.
The property is currently undergoing renovations and is completely vacant and is being offered in its current condition. For buyers seeking a fully completed renovated property, pricing will be adjusted accordingly based on the scope and level of finishes requested.
The property is currently vacant and this also adds value because the new buyer will be able to establish market rents day one.
The property is zoned LARD 1.5 which may allow up to 8-10 total units, subject to the buyers verification with the city.
This creates a strong value-add component and a redevelopment opportunity for the right investor seeking additional density and long-term upside potential.
This area has shown tons of growth and lots of business development in the immediate area is good for economic growth.
Rendered Pictures are Renderings of the existing structure.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Interior
Laundry Gas Dryer Hookup
Exterior
Pool None
Community Features Urban
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900