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$999,000
Est. payment /mo
8 Beds
4 Baths
0.32 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26035852
Bedrooms 8
Lot Size 0.318 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
TWO VACANT UNITS!, in Los Angeles historic Lincoln Heights with upside and immediate cash-flow potential. The property is located in a vibrant, high-demand area with convenient access to the city center, transit, and major freeways, and is centrally positioned near Downtown, Highland Park, Pasadena, and Dodger Stadium. This well-maintained triplex offers three separate units, each individually metered for water, electricity, and gas, along with private outdoor patio space. The property currently offers two vacant units: a 2-bedroom, 1-bath middle unit and a 3-bedroom, 1-bath top unit, creating flexibility for owner-users or investors seeking market rents. The additional 3-bedroom, 2-bath unit is tenant occupied. An excellent opportunity for both cash flow and long-term appreciation with a projected 8%+ pro forma cap rate. Buyer to verify all financial information and potential income.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From Freeway Exit Broadway, Turn left on Lincoln Park
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5208025006
Acceptable Financing Cash, Exchange, FHA
Listing Terms Cash, Exchange, FHA
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Listed by Lorenzo Armendariz, DRE#02101611 Circle Real Estate
Nearby School & Business
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