Property Detail

Description

A sought-after classic. A sophisticated, deftly curated Manhattan Style French Normandy Townhouse Triplex, in the heart of Beverly Grove. Each unit tells its own story, including a VACANT stunning rear owner's unit (3 bedrooms + 2.5 bathrooms) that spans three sunlit floors of beautifully renovated living space. Highlights include a designer chef's kitchen with quartz counters and Viking/Subzero appliances, new baths, refinished oak floors, striking tile and paintwork, and three-zone central HVAC. The first-floor features gracious public rooms that open to a lush, secluded garden with patio seating and a fire pit nestled beneath the trees. The second level offers both primary and secondary bedrooms with a shared Art Deco-style bath. Upstairs, the third level unfolds into a sprawling suite with a family/game room, home gym, large bedroom, and another luxurious bath. Completing the building are two, 2-bedroom, 1.5-bath townhomes which include: A center unit, recently remodeled in the same vein as the owner's unit, offering modern conveniences coupled with detailed 1930s charm, a formal living room, dining room, in-unit laundry, powder room, and upstairs 2 bedrooms and large 4-piece luxe bath upstairs. as well as a large detached four car garage with the opportunity for an ADU (buyer to verify). The front unit with a similar townhouse format and lovely period detail. A perfect owner/user opportunity, or the bread-and-butter investment you've been waiting for. Projected Gross Income: $174,088. Projected Cap Rate of 5.35% based on Property Taxes at 1.25% of List Price and Expenses of $12,200/year ($7,000/year for Insurance, $3,400/year for water, and $1,800/year for gardener). Buyer to undertake all due diligence regarding such matters, potential rents and state/local rent control/eviction laws, rules and regulations. Buyer to do all diligence with respect to expenses/costs, which may differ from Seller's experience. Seller makes no representations whatsoever as to the foregoing.