Description
Fantastic opportunity to Own a TriPlex in fast growing and appreciating area of MidWishire/Koreatown. Zoning of LAR3 with reduced parking ratio provides an excellent opportunity to build 9 condos or an apartment building for an investor or developer looking in highly sought after location to tear down and build on the lot as many are doing in the area. See the new condos being built across the street. Buy a nice looking triplex now and build later while maximizing on upside rental potential. On the property are 2 one bedroom units and a two bedroom unit. This is a low mainanence property. Tenants pay their own utitlities as gas and electricity are seperately metered. There are 3 gas and 3 electric meters. Total gross income is $47,196 with potential for growth. One of the units will be vacated on July 1st. Buyer to do their own investigations.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Fantastic opportunity to Own a TriPlex in fast growing and appreciating area of MidWishire/Koreatown. Zoning of LAR3 with reduced parking ratio provides an excellent opportunity to build 9 condos or an apartment building for an investor or developer looking in highly sought after location to tear down and build on the lot as many are doing in the area. See the new condos being built across the street. Buy a nice looking triplex now and build later while maximizing on upside rental potential. On the property are 2 one bedroom units and a two bedroom unit. This is a low mainanence property. Tenants pay their own utitlities as gas and electricity are seperately metered. There are 3 gas and 3 electric meters. Total gross income is $47,196 with potential for growth. One of the units will be vacated on July 1st. Buyer to do their own investigations.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.