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428 W 69Th St

Los Angeles, CA 90003
  • $580,000
  • STATUS: Active Under Contract
  • ON SITE: 68 Days
  • MLS #: 21-790252
Under Contract
UPDATED: 70 min ago
$580,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,334
    SQFT
  • $249
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

Nicely kept triplex on a quiet corner lot. Great opportunity to increase the value by moving rents upward. One of the best priced triplexes in the area, under $260/sqft. The two front units are both nice sized 2-bedroom with 1 bath and above the garage sits a 1-bedroom. Long term tenants on month to month leases that have not missed any rent during the pandemic. Each unit has their own water heater, gas and electric meter. Very low expenses for the owner. Ample parking for everyone. Perhaps the potential to turn the garages into and ADU for additional income. Owner will not be able to deliver any unit vacant at close so please do not request in the offer.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T13:43:25.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/121962008
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428 W 69Th St Los Angeles, CA 90003

  • Price: $580,000
  • Status: Active Under Contract
  • On Site: 68 Days
  • Updated: 70 min ago
  • MLS #: 21-790252
5
Beds
0
Baths
0
½ Baths
0.12
Acres
2,334
SQFT
$249
$/SQFT
1930
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Nicely kept triplex on a quiet corner lot. Great opportunity to increase the value by moving rents upward. One of the best priced triplexes in the area, under $260/sqft. The two front units are both nice sized 2-bedroom with 1 bath and above the garage sits a 1-bedroom. Long term tenants on month to month leases that have not missed any rent during the pandemic. Each unit has their own water heater, gas and electric meter. Very low expenses for the owner. Ample parking for everyone. Perhaps the potential to turn the garages into and ADU for additional income. Owner will not be able to deliver any unit vacant at close so please do not request in the offer.
Exterior Features

Direction Faces North Lot Size Area 5040 Other Structures None Parking Garage AssignedDriveway Roof CompositionFlatSpanish Tile Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 3

Interior Features

Baths Total 3.00 Common Walls Attached Cooling None Equipment None Heating Wall Gas Laundry None Water Heater Features Gas

Property Features

ADACompliance No Alley YN Yes Assessed Total Value 422709 Gross Income 31836 Gross Operating Income 31826 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 18777.00 Number Of Buildings 2 Number Of Units 3 Owner Pays GardenerWater Property Condition Repair Cosmetic Rent Control YN Yes Sale Type Standard Security Features GatedSmoke DetectorCarbon Monoxide Detector(S)Window Bars Sewer In Street Source Living Area Assessor Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays ElectricityGas Total Annual Expense 13059 Type Of Units Apartment Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Christopher Marsocci DRE#01095183 of Goldcoast Commercial Group.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T13:43:25.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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