$800,000
Introducing a remarkable investment opportunity—a versatile triplex perfect for investors or owner-users. The front unit is a newly remodeled 2-bed, 1-bath space, which is ready for immediate occupancy or tenancy. The middle unit, also remodeled, is currently rented for $2,420 under a Section 8 agreement, offering stable income. At the rear, a charming standalone 3-bed, 1-bath home includes in-unit laundry, rented for $1,822 to a Section 8 tenant. With the front unit rented, this triplex achieves an IMPRESSIVE 7.7% CAP RATE. Priced attractively at a 10 GROSS RENT MULTIPLIER, it yields an 8.1% ANNUAL ROI with just 25% down. For owner-users, this is an unbeatable opportunity to reside in the front unit while the rental income from the other units covers most of your mortgage and expenses. Seize this chance to own a property with separate meters and strong financials!
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Listed by Gregory Roberts with Coldwell Banker Realty (310) 802-5700
Property Type
Triplex
Status
Active
MLS Number
SB26107230
Year Built
1924
Lot Size
5,105 sq ft