3260 Drew Street

    Los Angeles (City), CA 90065
    • $1,099,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: 19505280
    UPDATED: 38 min ago
    $1,099,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,254
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Description

    Incredible opportunity to own a large triplex in red hot Glassell Park near Downtown. Perfect for either the owner-occupant who wants additional income from the other units or for the discerning investor looking to maximize this ideally located rental market's potential. 33% rental upside! On the lower level, the property features two spacious fully renovated 2 bed/1 bath units with new kitchens and baths including one with it's own yard delivered vacant. A spacious 4 bed/2 bath unit encompasses the entire top floor and has been divided into two units with 2 bed/1 bath each (buyer to verify permits). Separately metered for electric and gas with coin laundry for additional income & pleasant fruit trees in the yard. The large lot boasts an unheard of 10 parking spaces and is fully gated. Take advantage of this red hot rental area close to York Blvd & all the Highland Park hotspots!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T19:36:49.807. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98660169

    3260 Drew Street Los Angeles (City), CA 90065

    • Price: $1,099,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 19505280
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,254
    SQFT
    $338
    $/SQFT
    1916
    Built
    Neighborhood:
    623 - Glassel Park
    County:
    Los Angeles
    Area:
    623 - Glassel Park
    Property Description
    Incredible opportunity to own a large triplex in red hot Glassell Park near Downtown. Perfect for either the owner-occupant who wants additional income from the other units or for the discerning investor looking to maximize this ideally located rental market's potential. 33% rental upside! On the lower level, the property features two spacious fully renovated 2 bed/1 bath units with new kitchens and baths including one with it's own yard delivered vacant. A spacious 4 bed/2 bath unit encompasses the entire top floor and has been divided into two units with 2 bed/1 bath each (buyer to verify permits). Separately metered for electric and gas with coin laundry for additional income & pleasant fruit trees in the yard. The large lot boasts an unheard of 10 parking spaces and is fully gated. Take advantage of this red hot rental area close to York Blvd & all the Highland Park hotspots!
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Side By SidePrivateUncovered Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Laundry Features Common AreaCommunity

    Property Features

    Cap Rate 4.67 Gross Multiplier 15.07 Gross Operating Income 76300.00 Improvements Amount 190000 Land Value 460000 Laundry YN Yes Net Operating Income 53656.00 Special Listing Conditions Standard Total Expenses 22644.00 Zoning Lard2

    Listing provided courtesy of Grant Linscott of Keller Williams Realty Los Fel


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T19:36:49.807. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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