Listing Agent: TIM MARAIS      Broker/Office: ROCKCAL REAL ESTATE
12529 Avenue V10 E Pearblossom CA 93553
$ 550,000
  5   |    5   |    4733 Sq Feet

Listing ID

#MB26218424

Status

Active

Property Type

Triplex

Property Style

Craftsman

County

Los Angeles

Year Built

1952

Days on website

6

Description
Seller is willing to offer concessions. ATTENTION INVESTORS! Great opportunity to own a fully occupied 5-unit income-producing property in Pearblossom! The current monthly income is $4,175. Here is the breakdown of the rental income: $1075, $700, $1,000, $700, $700 per month. This is the type of property investors have been looking for. Strong rental potential, existing tenants, and rents that are currently BELOW MARKET, offering an excellent opportunity to increase cash flow and value over time.

The property offers approximately 4,733 sq. ft. of living space and is situated on a 35,651 sqft lot with LCR3 zoning. All 5 units are currently occupied and generating $4,175 in monthly income. This is a true VALUE-ADD opportunity for an investor willing to put in some TLC and improvements. This is a great FIXER, HANDYMAN SPECIAL, CONTRACTOR SPECIAL, or renovation opportunity depending on your investment strategy.

Great opportunity to BUY, IMPROVE, and BUILD EQUITY while collecting rental income. Bring your contractors, handyman, property manager, or investment team and explore the possibilities. Potential for converting to Section 8 and increased rents and improved income through renovations and better management. Buyer to independently verify all zoning, permits, square footage, unit count, rental income, development potential and other property information with the appropriate agencies.

MOTIVATED SELLER! Properties like this rarely offer the combination of 5 existing units, current occupancy, below-market rents and value-add potential. Ideal for an investor looking for a rental property, cash-flow opportunity, fixer, rehab project or long-term investment. This one could sell fast. Don't miss this opportunity!

Property sold "as is" buyer(s) and agent(s) to do their due diligence & satisfy themselves with regards to all aspects of the property including but not limited to square feet, room count, liens and permits. seller(s) or seller’s agent(s) is/are not professional home inspector(s), contractor(s) or appraiser(s) and is/are not trained to guarantee or make promises in regard to property condition.
Location
Financial Information
List Price:  $ 550000
Property Features
Community Features:  Biking, Foothills, Hiking, Hunting, Park
Cooling:  Electric
Flooring:  Carpet, Tile, Vinyl
High School District:  Apple Valley Unified
Levels:  One
Senior Community YN:  false
Structure Type:  Triplex
High School District:  Apple Valley Unified
MLS Area Major:  PBLM - Pearblossom
City:  Pearblossom
Senior Community YN:  false
Listed By:   TIM MARAIS   ROCKCAL REAL ESTATE 
CA Lic#