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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,029,000

Est. payment - /mo

0.32 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26035852

HOA Y/N No

Year Built 1903

Lot Size 0.318 Acres

Property Sub-Type Triplex

Property Description

Strong investment opportunity, with 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 features three separate units, each individually metered for water, electricity, and gas, and each with its own outdoor patio space. The middle 2-bed/1-bath unit and the top unit 3-bed/1-bath are both vacant. The he property also includes a 3-bed/2-bath unit. ~8%+ pro forma cap rate.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Fireplaces Type None

Inclusions Stove and heater supplied by owner 3621 altura: washer/dryer, refrigerator, stove

Fireplace No

Laundry Laundry Room

Exterior

Parking Features None

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5208025006

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, 1031 Exchange, FHA

Special Listing Condition Standard

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Listed by Lorenzo Armendariz Circle Real Estate lorenzo.el.realtor@gmail.com, DRE #02101611

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2500 Lincoln Park Ave Los Angeles, CA 90031