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Listed by Daisy Diaz • Compass
$ 895,000
Est. payment | /mo
2,370 SqFt
$ 895,000
Est. payment | /mo
2,370 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,370 sqft
Price per Sqft $377
MLS Listing ID CRCV24176914
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1953
Lot Size 5,999 Sqft
Property Description
Presenting a well-located multifamily property between City Terrace and East Los Angeles. This property operates as a three-unit property, offering a great mix of a 3-bedroom, 1-bath standalone unit at the rear, along with two units at the front—one with 3 bedrooms and 1 bath, and the other with 2 bedrooms and 1 bath. Key features include gated entry and parking options for tenants, all situated on a spacious 5,999-square-foot lot. The units were built in 1927 and 1953, adding a touch of historical charm. The property is not subject to LA rent control, so it only falls under statewide AB 1482 rent control—giving you more flexibility. Tenants are responsible for paying for their own gas and electricity, making this a low-maintenance option for investors. With its single-story layout and prime location in a rapidly developing neighborhood, this property is ideal for investors looking to either start or expand their rental portfolio. Please note that while the property has been operating as three units, it may be permitted as a two-unit property. Each unit has its own mailing address. Don’t miss out on this exciting opportunity to invest in East LA!
Location
State CA
County Los Angeles
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
Exterior
View None
Building
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767