PROPERTY CASH FLOWS POSITIVE APPX $8,800/MONTH AFTER ALL EXPENSES AND MORTGAGE PAYMENT! This exceptional 3-unit property in the heart of Downtown Los Angeles within the Historic Filipinotown, adjacent to the trendy neighborhoods of Silver Lake and Echo Park, offers an outstanding investment opportunity with consistent positive cash flow. The property… Read More features two 5-bedroom units and one 3-bedroom unit, providing ample space for tenants in a highly desirable area near schools, shops, and transportation. Additionally, there is a storage space with the potential for conversion into an ADU, subject to buyer verification. With tenants responsible for all utilities, the property boasts a 5.88% cap rate and a 12.04 GRM, generating a positive cash flow of $4,800+ per month. This is an ideal opportunity for investors seeking a high-performing asset in a prime urban location. Contact the broker for further details, as cash flow (net income and investment returns) may vary based on interest rates and down payment. DO NOT DISTURB OCCUPANTS! Property Tour only with accepted offer subject to walk through! --- Read Less
Courtesy of Trimax Realty, Inc. 310-954-0808
Listing Snapshot
Days Online
23
Last Updated
Property Type
Other
Beds
4
Square Ft.
3,935
Lot Size
0.16 Acres
Year Built
1905
MLS Number
25-478323
30 Days Snapshot Of 90026
$1,197k
-22%
(avg) sold price
3
-62%
homes sold
35
-41%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,935 sq ft, Built in 1905, Levels: One, Attached, Unknown
Cooling
Window Unit(s)
Disclosures
As Is
Exterior Features
None
Fireplaces
None
Garage
None
Water Features
Water: Public
Heating
Wall
Laundry
None
Lot
LotAcreage: 0.1568, LotSizeArea: 6,829
Miscellaneous
None
Parking
TotalParking: 0
Property
NumberOfUnits: 3, Zoning: LAR3
Roof
Composition, Shingle
Sewer
In Street
Utilities
Water Heater Unit, Other
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