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 features two 5-bedroom units and one 3-bedroom unit, providing ample space for… Read More 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
Property listed by Trimax Realty, Inc., Fred Nabati 310-954-0808
Listing Snapshot
Days Online
79
Last Updated
Property Type
Other
Beds
4
Square Ft.
3,935
Lot Size
0.16 Acres
Year Built
1905
MLS Number
24428379
30 Days Snapshot Of 90026
$1,386k
+9%
(avg) sold price
11
-52%
homes sold
75
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1905, Building area total: 3,935, Levels: One, Living area: 3935, 1 story, 2 buildings
Community
Gated
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $148,704, Net operating income: $105,163
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
