Property Detail

Description

Don't miss this remodeled, cash-flow generating triplex located just east of Downtown Los Angeles, in the vibrant heart of Boyle Heights. The property features a spacious 3-bedroom, 1-bath single-family house in the front, which has been fully renovated. The house includes engineered hardwood floors, updated appliances, remodeled bathroom and kitchen, central air and heat, and in-unit laundry. In the back is a two-story duplex, each 1-bedroom / 1-bath units. Both units are remodeled. Tenants pay for gas and electric, as well as ratio-utility billing for shared costs such as water and sewer -- increasing net income for the owner. In the rear of the duplex is a fenced in closed patio with shared laundry for the back tenants -- a versatile layout perfect for investors or potential owner-occupants. On-site parking included for all 3 units. Pro Forma GRM is 11.32 with a cap rate of 6.6%, The rear units are NOT subject to LA City Rent Stabilization Ordinance (not under LA rent control). Current rents are at or near market levels with recent 3rd party appraisal coming in over list price. One rear unit will be delivered vacant, ideal for an owner-user or immediate rental upside. This is a turn-key investment with strong in-place income and significant long-term upside potential in one of LA's most dynamic rental markets. With close proximity to Downtown LA, public transit, Mariachi Plaza and the 101/5/60/710 freeways, this property offers both convenience and consistent tenant demand.