$1,015,000
Strong investment opportunity, with two vacant units, in Los Angeles’ historic Lincoln Heights with upside and immediate cash-flow potential. The property is located in a vibrant, high-demand area with convenient access to the city center, transit, and major freeways, and is centrally positioned near Downtown, Highland Park, Pasadena, and Dodger Stadium. This well-maintained triplex features three separate units, each individually metered for water, electricity, and gas, and each with its own outdoor patio space. The 2-bed/1-bath unit is currently vacant, while the property also includes a 3-bed/1-bath unit and a 3-bed/2-bath unit currently generating a combined $5,300/month. ~8%+ pro forma cap rate.
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Listed by Lorenzo Armendariz with Circle Real Estate (562) 521-9022
Property Type
Triplex
Status
Active
MLS Number
PW26035852
Year Built
1903
Lot Size
0.32 acres