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Adam & Charlotte Pettit

charlotteathome@gmail.com +1(805) 717-7457

$1,600,000

Est. payment - /mo

6 Beds

6 Baths

3,736 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,736 sqft

Price per Sqft $428

MLS Listing ID P1-27820

Bedrooms 6

Full Baths 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1947

Lot Size 0.333 Acres

Property Sub-Type Triplex

Property Description

Don't miss this incredible investment opportunity to purchase two detached two triplexes together with five adjacent vacant land parcels listed under MLS # P1-27046 ( Parcel #5216-007-011, 012, 017, 010 & 022) , all offered as one package for $2,000,000 ! This two triplexes featuring six 1 bedroom & 1 bath units along with six detached single car garages, one assigned parking on driveway to each unit. 2408 N Eastern Ave has one unit is expected to be delivered vacant in July, and the Seller plans to remodel it, adding value and enhancing its rental appeal. 2410 N. Eastern Ave has two units have recently become vacant and have been remodeled. Both two triplexes have separate driveways providing direct access to their garages, with 1.82 acres the vacant land situated immediately behind them. The five adjacent parcels are included in the sale. Of the total purchase price, $400,000. is allocated to the land. The property features a substantial amount of flat and usable land, offering excellent potential for future development of multiple residential buildings etc. ( Buyer to verify all development possibilities with the City of Los Angeles ). Ideally located just minutes from Cal State LA, with convenient walking access to public transportation, elementary and middle schools. A rare opportunity for investors, developers, or owner-users seeking immediate rental income with significant future development potential. Price to sell! The currently occupied units are rented at $1,200 per month, well below market, as the Seller has not increased the rents for many years. Comparable vacant units have an estimated market rental value of approximately $1,700 to $1,800 per month, offering excellent upside rental potential.

Location

State CA

County Los Angeles

Zoning LARD5

Rooms

Main Level Bedrooms 1

Interior

Interior Features Eat-in Kitchen, Sunken Living Room, Bedroom on Main Level

Heating None

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type None

Inclusions Please see the remark.

Fireplace No

Appliance Gas Cooktop, Gas Oven, Gas Range

Laundry None

Exterior

Parking Features Assigned, Driveway

Garage Spaces 6.0

Garage Description 6.0

Fence Chain Link

Pool None

Community Features Curbs, Street Lights

View Y/N No

View None

Roof Type Shingle

Porch None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Sprinklers None

Dwelling Type Triplex

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer, Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Schools

Middle Schools El Sereno

Others

Senior Community No

Tax ID 5216007006

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit

Special Listing Condition Standard

Lease Land No

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Listed by Chit Yip Coldwell Banker Realty #01885125

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Adam & Charlotte Pettit

+1(805) 717-7457

Agent | License ID: 02095317

Agent License ID: 02095317

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2408 2410 N Eastern AVE Los Angeles, CA 90032

Adam & Charlotte Pettit

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2408 2410 N Eastern AVE