Property Detail

Description

The perfect hillside Northeast LA "house hacking" opportunity - WITH VIEWS! 3 units for the price of a single-family home in the area! The vacant (1Br+1Ba) unit has incredible views from all large windows and has been completely remodeled inside. It feels spacious and features new LVP flooring and paint throughout, recessed lighting, new heat and AC, a new kitchen cabinets and bathroom, extensive storage in the bathroom, and it has an adorable dining area with a view right off the kitchen. It has two entrances and private patio. The remodel of the owner's unit includes stainless appliances, marble look / quartz countertops, tile and glass tile backsplash, and a workstation ledge kitchen sink. The bathroom has mosaic floor tile and complimentary mid - century modern style tile throughout the bathroom, as well as a new tub shower combo, floating vanity sink, and bathroom mirror with integrated LED lighting. The unit is ready to move in, just bring furniture! The property also includes two well-maintained (Studio+1Ba) apartments that are currently tenant-occupied and generating a total of $4,400 per month in income to help pay the mortgage. The property sits on a street-to-street lot in Mt. Washington, just a short distance to local favorites including Loquat Coffee, Barra Santos, 1802 Roasters, Cafe Antonietta, Taqueria Frontera, Dunsmoor, ROAM LA Yoga, and other beloved local staples. With quick and easy access to Division St, Cypress Ave and Figueroa, the property is near the LA River bike path, Rio de Los Angeles State Park & Rec Center, and more. Easy access to I-5, the 2, and 110s Freeways. This property is ideal for an owner-user but works great as an investment! Listed at under 13 GRM and a 5.7% CAP Rate!