6,076 Sqft Lot
6,076 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25264445
HOA Y/N No
Year Built 1922
Lot Size 6,076 Sqft
Property Sub-Type Triplex
Property Description
This property is a rare R3 land which offers an excellent opportunity for developers, builders, and value-add investors seeking to capitalize on a well-located parcel with flexible future use (buyer to verify zoning, density, and permitted uses with the city). The land itself already worth over 900K and planned for multi-familiy. Also, it starts earning rental income from day one with this fully tenant-occupied property while you are waiting for plan check or you want to keep it! Exceptional income-producing property priced below market for a quick sale. This fully tenant-occupied asset offers immediate, stable rental income of approximately $5,600/month All lease are month-to-month lease, making it an ideal opportunity for investors or owner-occupants seeking strong returns. Rent are close to the market but still have room to increase. The property also has a laundry room for extra income. Great value-add opportunity and projected rent can be over $6,700/month.
The property has been professionally managed and well maintained over the past 5 years, with long-term tenants who have consistently paid on time for over a decade. Rents are near market value, with built-in potential for future increases.
Property Features:
Front home (built in 1923): 3 bedrooms, 1 bathroom
Rear duplex: Two units, each with 2 bedrooms and 1 bathroom
Spacious backyard with convenient alley access
Designated parking for all units
Updated windows and newer water heaters throughout
On-site laundry room offering additional income potential
Recent landscaping improvements including new soil and gardening upgrades
Prime Location:
Convenient access to major freeways including the 5, 10, 60, 710, and 110. Easy commute to downtown via the newly developed 6th Street Bridge. The surrounding area is experiencing strong growth, with multiple mixed-use developments underway.
Additional Notes:
Property is being sold as-is. Information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence and consult with professionals.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAC1.5
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Private Pool No
Building
Lot Description Sloped Up
Story 2
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5188004049
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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