Property Detail

Description

Exceptional triplex opportunity offering 3,929 sq ft of versatile living space. Three legal units, with tremendous opportunity to renovate and lease at top market rents, there is two additional existing spaces within the building for potential ADUs. With a possible expansion from 3 to 5 units. Originally built in 1949 with a substantial 1985 addition, this property features three units: a front 2-bedroom, 1-bath home currently rented, plus two rear units ready for new owner to rent at market rents. The rear units include a spacious 2-bedroom, 1½-bath flat with an enclosed balcony, and a town house-style 2-bedroom, 1½-bath unit with a bonus step-down area, kitchenette, and bath. With four electric meters, three carports, and four additional on-site parking spaces, this property offers excellent income potential for investors or a prime opportunity for an owner-user to live in one unit while generating rental income from the others. The lot is over 8000 sq ft and R3 LA zoned. Great opportunity for developers, flippers, or to hold and create long term wealth