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Listed by Robert Lee • Engel & Volkers Pasadena
$ 2,500,000
Est. payment | /mo
6,249 Sqft Lot
$ 2,500,000
Est. payment | /mo
6,249 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25050754
Originating Board California Regional MLS
Year Built 1964
Lot Size 6,249 Sqft
Property Description
Fantastic 7.2% CAP rate opportunity! Newly remodeled Triplex with 13 full bedroom suites located just blocks from USC. ADU plans are permitted and RTI (Ready to build 896 sq ft: 3 additional bedroom suites with kitchen on the back side of property). The front building has 5 bedroom suites, 1 kitchen, 1 dining area. The back building upstairs has 4 bedroom suites, 1 kitchen, 1 dining area and 1 lounge area. The back building downstairs has 4 bedroom suites, 1 kitchen, 1 dining area and 1 lounge area. Remodeled in 2020: new roof (front building), new windows, new electrical and copper plumbing, new kitchen and bathrooms, new 13 individual AC units, new paint and new laminate wood flooring. There is an onsite laundry room with 2 washers and 2 dryers for convenience. 13 of the 13 units have been rented to USC students and have contracts in place for 2025-2026 school year. Room in rear to park 4 cars or build approved ADU! Low maintenance, great curb appeal! Located in the USC DPS (dept of public safety) patrol zone.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Other
Cooling Window / Wall Unit
Flooring Laminate
Laundry In Laundry Room, Washer/Dryer - Leased
Exterior
Parking Features Other
Garage Spaces 4.0
Pool 31, None
Roof Type Shingle,Composition
Building
Water Hot Water, District - Public
Others
Tax ID 5054036022
Special Listing Condition Not Applicable
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037