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Triplex - Los Angeles, CA
Excellent value-add 3-unit multifamily investment in Los Angeles with strong in-place income and significant upside. The property features three (3) large 2-bedroom / 1-bath units totaling 4,626 SF on a 7,551 SF lot.
Current rents are below market, with market/voucher rents estimated at $2,887 per unit, offering immediate income growth potential. One unit will be delivered vacant at close, allowing a new owner to capture market rent or pursue an owner-user strategy.
Recent capital improvements include a new roof and new windows, minimizing near-term maintenance. All utilities are separately metered, keeping operating expenses low and enhancing long-term returns. On-site parking further supports tenant demand.
Major upside opportunity: A ±800 SF garage, delivered vacant, presents an excellent opportunity for ADU conversion (buyer to verify with LADBS). This additional unit has the potential ...
Major upside opportunity: A ±800 SF garage, delivered vacant, presents an excellent opportunity for ADU conversion (buyer to verify with LADBS). This additional unit has the potential to significantly increase rental income and overall property value.
Well-suited for investors, 1031 exchange buyers, or value-add operators seeking cash flow today with future development upside in a high-demand rental market.
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