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$825,000
Est. payment /mo
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CV25081509
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
JUST REDUCED! PRICED TO SELL! We are pleased to exclusively offer for sale this 3 Unit (Tri-Plex) multi-family investment property located in the city of El Sereno. Now offered at a current 5.1% CAP Rate and 13.5 GRM, this property offers a desirable hillside location featuring a spacious 4-Bedroom/1.5-Bathroom single-family residence accompanied by two well-sized 2-Bedroom/1-Bathroom units. Together, the three units total 2,612 square feet of rental space on a 6,912 square foot lot, offering a rare chance to acquire a large, income-generating property with tremendous upside potential. All units are separately metered for electricity and gas, providing straightforward utility management and increased efficiency. Tenants enjoy the convenience of onsite paved parking and private laundry hookups, enhancing daily living and long-term tenant satisfaction. Located just minutes from the popular Hillside Village area, local parks, recreational amenities, and dining options, this property is ideally positioned to attract and retain tenants seeking both comfort and convenience. With approximately 60% upside in rental income, this asset is perfect for investors looking to reposition and maximize returns in a high-demand rental market.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Huntington Dr. East of Eastern Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5218020037
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Listed by Kristopher German RE/MAX 2000 REALTY