Description
PRICE REDUCED TO $845,000! Rare East Los Angeles Triplex with Two Units Delivered Vacant at Close of Escrow! Don't miss this exceptional opportunity to own a versatile triplex in East Los Angeles that is ideal for both owner-occupants and investors. Two unitsa spacious 2-bedroom, 1-bath and a 1-bedroom, 1-bathwill be delivered vacant at the close of escrow, giving you the flexibility to move in, lease at today's market rents, or create the perfect house-hacking opportunity. The third unit is tenant-occupied, providing immediate rental income from day one. This income-producing property offers the opportunity to live in one unit while renting the others, helping offset your monthly mortgage and build long-term wealth through real estate. Eligible owner-occupants may qualify for FHA financing with as little as 3.5% down, subject to lender approval, borrower qualification, and property eligibility. Perfect for first-time multifamily buyers, experienced investors, or anyone looking to expand their real estate portfolio, this property offers immediate upside with two vacant units and excellent long-term appreciation potential. Conveniently located just minutes from Downtown Los Angeles, USC Medical Center, Cal State LA, and major freeways including the 5, 10, 60, and 710, you'll enjoy easy access to employment centers, shopping, restaurants, schools, parks, and public transportation. The strong rental demand in East Los Angeles makes this an outstanding long-term investment.
Details
| MLS # | DW26123505 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 90 |
| Listing Provided By | MARCAR RE Brokers Corp. | Carlos Martinez |
Features
| SQ Feet | 1,917 |
|---|---|
| Garage | 2 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.10 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Storm Drains, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90022 |
| Area | 699 Not Defined |
| Listing VS Median (in 90022) | |
Price: $848,000 low | high Med: $785,000 sqft: 1,917 low | high Med: 1,210 $ / sqft: $442 low | high Med: $649 On site: 90 low | high Med: 40 | |
Market Activity 90022
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90022 |
| Area | 699 Not Defined |
| Listing VS Median (in 90022) | |
Price: $848,000 low | high Med: $785,000 sqft: 1,917 low | high Med: 1,210 $ / sqft: $442 low | high Med: $649 On site: 90 low | high Med: 40 | |
