Listing Agent: Sophia Chang      Broker/Office: New Star Realty & Investment
1628 Van Ness S Los Angeles CA 90019
$ 1,300,000
  5   |    2   |    3036 Sq Feet

Listing ID

#PW26163177

Status

Active

Property Type

Duplex

County

Los Angeles

Year Built

1910

Days on website

3

Description
Investor's Opportunity in Prime Mid-City Los Angeles! This well-maintained triplex presents an outstanding investment opportunity in one of Los Angeles' most desirable rental markets, just minutes from Koreatown, Downtown LA, USC, shopping, dining, schools, public transportation, and major freeways. Originally configured as a duplex, the property has been divided into three separate units, offering excellent rental income potential.

The property features a desirable unit mix with two spacious 3-bedroom, 2-bath units in the front building and one 2-bedroom, 2-bath unit in the rear. It is currently generating approximately $5,000 per month in rental income, with tremendous upside potential. A spacious upstairs 3-bedroom, 2-bath unit is currently vacant, providing an excellent opportunity for an owner-user to move in immediately or for an investor to lease at current market rent and significantly increase cash flow. Some photos have been virtually staged to illustrate the property's potential. No physical furniture is included.

Additional amenities include on-site laundry, ample rear parking, and a functional layout that appeals to long-term tenants. With strong income potential, an excellent location, and long-term appreciation opportunities, this property is ideal for both investors and owner-users looking to build wealth in the heart of Los Angeles. The property is located on a wide and clean street.

Do not disturb tenants. Drive-by only.
Location
Financial Information
List Price:  $ 1300000
Property Features
Community Features:  Urban
High School District:  Los Angeles Unified
Laundry Features:  Outside
Levels:  Two
Senior Community YN:  false
Structure Type:  Duplex
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  KREA - Koreatown
City:  Los Angeles
Listed By:   Sophia Chang   New Star Realty & Investment 
CA Lic#