$1,375,000
$1,549,000
11.2%For more information regarding the value of a property, please contact us for a free consultation.
6,734 Sqft Lot
SOLD DATE : 09/30/2024
Key Details
Sold Price $1,375,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24132969
Sold Date 09/30/24
HOA Y/N No
Year Built 1949
Lot Size 6,734 Sqft
Property Description
Welcome to a fantastic investment opportunity in a prime location! This property has been owned by the same family for years and is now available for new possibilities. Property consists of 3 units, two units are 2 bedrooms 1 bath and one unit that has a yard and a private entrance is a 2 bedroom 1 bath and each unit has a garage and park space. Drive by and take a look; you'll see the potential is endless.
For investors, consider converting the garages into an ADU and transforming the property into a four-unit rental. The current rents are low, but the long-term tenants are content and reliable, ensuring a steady income stream or raise the rents. There is a huge rent upside available.
Owner-occupants will appreciate the back unit, which boasts a charming yard, perfect for relaxation and outdoor activities.
Contractors and developers will be thrilled with the location. This property offers the chance to tear down and build spacious new units, maximizing rental income potential.
The property is professionally managed, with management costs already included in the expenses, which remain impressively low.
Don't miss out on this versatile and promising property
Location
State CA
County Los Angeles
Area 151 - N Redondo Bch/Villas North
Zoning RBR-3
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Suburban
Total Parking Spaces 7
Private Pool No
Building
Lot Description Back Yard
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4156014002
Acceptable Financing Conventional, Submit
Listing Terms Conventional, Submit
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Melissa Pilon • Compass