Description

Exceptional FIXER at a Fantastic New Price triplex opportunity offering 3,929 sq ft of versatile living space, this is under $305 Per SQFT. 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 remodel and 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, 2½-bath unit with a step-down area, kitchenette, and bath (all sqft is legal). 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. Property is priced to reflect its condition. Great opportunity for developers, flippers, or to hold and create long term wealth