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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24003747
Sold Date 02/12/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1989
Lot Size 5,009 Sqft
Lot Dimensions Assessor
Property Description
Tri-Plex Investment Opportunity in Vista Del Oro situated above Gaffey St. between Meyler St. and Cabrillo Ave. This 3 unit property offers a great unit mix featuring two free-standing buildings. The duplex in front was constructed in 1922 and is subject to LA City RSO rent control. Each unit consists of 2 bedrooms, 1 bath. The upper unit has a private balcony the lower unit has a ground level patio. There is a common laundry room for the duplex. The large detached rear 3 bedroom unit was constructed in 1989 over a 6 car garage (3 separate private tandem garages) and is NOT SUBJECT to LA City RSO rent control. The rear unit features a large primary bedroom, private balcony, private patio, interior washer dryer hook-ups and an attached private 2 car tandem garage. The other two tandem garages have been converted to single car with two large separate storage rooms for additional rental income. In addition to the garage in the rear the long driveway in the front can accommodate up to 3 vehicles. Each unit is separately metered for gas and electric paid by tenants. Both Buildings have new roofs installed in 2016. A 4.8 cap rate at list price. A 6.5 cap rate with market rents. Just a few minute from the Ports O’ Call Village Waterfront! The Multi-Million dollar LA Waterfront “West Harbor” revitalization project now under way. This will bring 42 acres of new restaurants, shopping, outdoor amphitheater, office space, entertainment and dog parks... perfect for future increased rental demand
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Zoning LARD1.5
Interior
Interior Features Built-in Features, Balcony, Bedroom on Main Level
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Disposal, Gas Range
Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Inside, See Remarks
Exterior
Garage Assigned, Door-Multi, Garage, Garage Door Opener, Garage Faces Rear, Storage, Tandem
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Gutter(s), Hiking, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports, Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Parking Type Assigned, Door-Multi, Garage, Garage Door Opener, Garage Faces Rear, Storage, Tandem
Total Parking Spaces 4
Private Pool No
Building
Lot Description Near Park, Rectangular Lot, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 7462010023
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to New Loan,Conventional
Special Listing Condition Standard
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Bought with Zak Kuczynski • GE Dean and Associates
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