Property Detail

Description

Start earning rental income from day one with this fully tenant-occupied property! Exceptional income-producing property priced below market for a quick sale. This fully tenant-occupied asset offers immediate, stable rental income of approximately $5,600/month All lease are month-to-month lease, making it an ideal opportunity for investors or owner-occupants seeking strong returns. Rent are close to the market but still have room to increase. The property also has a laundry room for extra income. Great value-add opportunity and projected rent can be over $6,700/month. The property has been professionally managed and well maintained over the past 5 years, with long-term tenants who have consistently paid on time for over a decade. Rents are near market value, with built-in potential for future increases. Property Features: Front home (built in 1923): 3 bedrooms, 1 bathroom Rear duplex: Two units, each with 2 bedrooms and 1 bathroom Spacious backyard with convenient alley access Designated parking for all units Updated windows and newer water heaters throughout On-site laundry room offering additional income potential Recent landscaping improvements including new soil and gardening upgrades Prime Location: Convenient access to major freeways including the 5, 10, 60, 710, and 110. Easy commute to downtown via the newly developed 6th Street Bridge. The surrounding area is experiencing strong growth, with multiple mixed-use developments underway. Additional Notes: Property is being sold as-is. Information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence and consult with professionals.