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28972896
28972898

3055 Future St, Los Angeles, CA 90065

DC
CA CA 01746702
Compass
Listed by Compass
$1,150,000
170 days on market
Updated 74 days ago
Opportunity zone

Mt. Washington Triplex with 1 Remodeled Vacant Unit!

Details
APN 5455-014-015
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,419
Units 3
Cap Rate 5.92%
NOI $68,077
Occupancy 66%
Price per SqFt $810
Year Built 1926
Buildings 1
Stories 2
Lot Size (SqFt) 2,441
Zoning LAR1
Investment Type Owner/User

Multifamily | 3 Units | $383,333/unit

Marketing description

OPEN HOUSE THIS SUNDAY 2/15 FROM 12-3PM! The perfect hillside Northeast LA "house hacking" opportunity - WITH VIEWS! 3 units for the price of a single-family home in the area! The vacant (1Br+1Ba) unit has incredible views from all large windows and has been completely remodeled inside. It feels spacious and features new LVP flooring and paint throughout, recessed lighting, new heat and AC, a new kitchen cabinets and bathroom, extensive storage in the bathroom, and it has an adorable dining area with a view right off the kitchen. It has two entrances and private patio. The remodel of the owner's unit includes stainless appliances, marble look / quartz countertops, tile and glass tile backsplash, and a workstation ledge kitchen sink. The bathroom has mosaic floor tile and complimentary mid - century modern style tile throughout the bathroom, as well as a new tub shower combo, floating vanity sink, and bathroom mirror with integrated LED lighting. The unit is ready to move in, just bring furniture! The property also includes two well-maintained (Jr1Br+1Ba) apartments that are currently tenant-occupied and generating a total of $4,529 per month in income to help pay the mortgage. The property sits on a street-to-street lot in Mt. Washington, just a short distance to local favorites including Loquat Coffee, Barra Santos, 1802 Roasters, Café Antonietta, Taqueria Frontera, Dunsmoor, ROAM LA Yoga, and other beloved local staples. With quick and easy access to Division St, Cypress Ave and Figueroa, the property is near the LA River bike path, Rio de Los Angeles State Park & Rec Center, and more. Easy access to I-5, the 2, and 110s Freeways. This property is ideal for an owner-user but works great as an investment! Listed at under 13 GRM and a 5.92% CAP Rate!

Investment highlights

  • Well maintained triplex in Mt. Washington with nicely maintained units and 1 newly remodeled unit.

  • The vacant unit (1Br+1Ba) has been completely remodeled with fresh interior paint, stainless steel appliances, marble look quartz counters, glass tile backsplash, workstation sink, and added storage. The bathroom features mosaic tile, new tub/shower, floating vanity, and LED mirror. Two entrances, private patio, and shared laundry area.

  • Strong investment metrics: under 13 GRM and 5.92% CAP rate

  • Stunning mountain & city views facing South.

  • Covered pavilion and private patios for each unit

  • Current rents are $4,529/month! Vacant unit can be rented up to $3,100.

  • Just a short stroll to local favorites including Loquat Coffee, Barra Santos, 1802 Roasters, Café Antonietta, Taqueria Frontera, and other beloved local staples.

  • Perfect investment opportunity for an owner-user, live in one, rent out the rest!

Listing Contacts

DC
CA CA 01746702
Compass
Listed by Compass

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$68,077.00
$5,673.08/mo

Valuation Metrics

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DSCR
5.92%
Cap Rate
5.92%
ROI

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Additional Information

Name
Dana Coronado
License
CA 01746702
Brokerage Phone
3105629630
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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