REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,189,000
Est. payment | /mo
3 Beds
2,863 SqFt
$ 1,189,000
Est. payment | /mo
3 Beds
2,863 SqFt
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,863 sqft
Price per Sqft $415
MLS Listing ID CL24426631
Bedrooms 3
HOA Y/N No
Year Built 1922
Lot Size 2,502 Sqft
Acres 0.06
Property Description
7.22% Cap Rate! We are excited to introduce this exceptional investment opportunity, featuring a versatile mixed-use property with five units that seamlessly blend residential and commercial possibilities. The property spans 2,863 square feet on a spacious 5,084 square foot C2 Lot (TOC-3) in the bustling Vermont Corridor. It includes three residential units and two commercial spaces. Currently, one commercial space and one residential unit are vacant, offering the immediate potential for increased rental income, making it an attractive option for savvy investors looking to capitalize on the active local market. In addition, there are ready-to-issue(RTI) plans to convert the garage into a one-bedroom unit. With two tenants on month-to-month leases, there is significant flexibility for future development or restructuring. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is strategically positioned for substantial value growth and has the potential to make a positive impact on its vibrant neighborhood.
Location
State CA
County Los Angeles
Area Listing
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 6014012002
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Armin Soleimani • Global Platinum Properties, Inc.
GET MORE INFORMATION
AnnMarie Barajas
Partner | Lic# DRE# 01898810