Excellent income property features three 2 bedroom 1 bath units in one 2052sqft structure plus large basement storage rooms and laundry room. See supplements for floorplans as approved when read two units were added. This property has lots of potential and possibilities especially with an Oversized 9320 sqft buildable lot zoned for more units that has both front street and alley access. No Garage is featured, but fairly flat lot accommodates plenty of parking for each tenant.
Evergreen Cemetery Jogging Path, El Pino, El Mercadito, Los 5 Puntos, and 1st St Business Corridor, Indiana Gold Line Metro Station are among the many local landmarks within walking distance. Excellent access and close proximity to various freeways (10, 710, 60, 5 and 101), Downtown LA, LAC/USC Medical Center, Union Station, Cal State LA, Arts District, Boyle Heights, City Terrace.
Excellent opportunity and expected to meet all forms of financing, but buyer to take on any lender required repairs, if any. Assessor records show 7 bedrooms but it is being used as and is reflected in approved floorplans as a 6 bedroom triplex. Building has full copper plumbing, raised foundation and attic access for easy maintenance, and it also equipped with fire sprinklers, 4 separate gas and electricity meters and water pressure regulator.
Property Sub Type:
Triplex
Property Attached:
Yes
Lot Area:
9,323 sq. ft.866 m2
Lot Details:
50 x 186
Bathrooms:
-
(Full:-, Half:-)
Year built:
1990
(Age: 35)
General Listing Location:
Los Angeles, BOYH - Boyle Heights
County Or Parish:
Los Angeles
Tenant Pays:
Electricity, Gas, Trash Collection, Telephone
Common Interest:
None
Gross Income:
$0
Gross Scheduled Income:
$48,463.4
Net Operating Income:
$43,463.4
Rent Control:
Yes
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Insurance Expense:
$1,000
Licenses expense:
771.0
Operating Expense:
$5,000
Other Expense:
$4,000
Trash Expense:
$0
Water and Sewer Expense:
$0
Tax Lot:
6
60 Freeway Indiana Exit
View:
None
Number of Buildings:
1
# of Electric Meters:
4
# of Gas Meters:
4
# of Water Meters:
1
Community Features:
Curbs, Street Lights
Senior Community:
No
Laundry Features:
Common Area, Washer Hookup
Pool Features:
None
Private Pool:
No
Lot Features:
Near Public Transit, Rectangular Lot
Fireplace Features:
None
Security Features:
Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Levels:
Two
Num Stories:
1
Entry Level:
1
Entry Location:
1
New Constr.:
No
Roof:
Composition, Common Roof
Common Walls:
1 Common Wall
# Units:
3
Heating:
Wall Furnace
Fireplace:
No
Cooling:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected