1321 COLORADO, Los Angeles, CA 90041

Property Description

Wonderful opportunity to own an income generating property in Eagle Rock. This triplex is centrally located near commerce, entertainment, eateries and public transportation. Minutes to Pasadena, Glendale and DTLA. 2 units are situated towards the front and the 3rd unit is located toward the back. You can live in the 3rd unit or alternatively, rent it for top dollar. The unit has direct access to the backyard from your living room and master bedroom. The house has mid-century period details. New cabinetry in kitchen and baths, quartz counter tops and extensive use of tile, period inspired door knobs and lighting. Ample backyard . Walking distance to local beer and coffee shop. Garage for 3 cars and on-site laundry.Projected Cash flow over $7,000 yearly putting 20% down $3845 P&I+ $100 Ins + $608 Taxes+ $329.64 Utilities and Maintenance= -$4882.64+ 5494 Total income if the back renovated unit is rented = $611.36 cash flow. Huge upside once the other units have been vacated.