8,163 Sqft Lot
8,163 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26156984
HOA Y/N No
Year Built 2024
Lot Size 8,163 Sqft
Property Sub-Type Triplex
Property Description
The property is ideally suited for corporate housing, workforce housing, or student housing, with flexible exit optionality. A future owner may elect to maintain the existing corporate lease for stable income or take delivery vacant, allowing for repositioning or alternative leasing strategies.
RENTS IN PLACE: The asset is currently stabilized and generating $25,000 per month in secured income under a master lease with a corporate tenant, providing immediate and predictable cash flow. A buyer also retains the option to take the property delivered vacant, allowing for repositioning, alternative leasing strategies, or owner-specific operational plans.
Annual Gross Income: $300,000
NOI: $261,768
GRM: 15%
CAP In-place: 5.82%
Operating Expenses: $38, 232
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Heating Combination, Central, Ductless
Cooling Central Air, Ductless
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5174019047
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
Nearby Locations
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880 Roosevelt Suite 250, Irvine, California 92620, United States