242 W 89th St, Los Angeles, CA 90003

Property Description

Welcome to remarkable opportunity for multifamily in Los Angeles that presents a myriad of enticing features for buyers seeking a smart investment opportunity. With 2 out of the 3 units currently vacant, this property offers an excellent cashflow potential in the thriving Los Angeles market. Perfect for either owner-occupiers and investors, this triplex can cater to a variety of needs. Whether you choose to maintain it as-is and start generating income immediately or explore its development potential for something even more remarkable, the choice is yours. Adding to its appeal, the property currently houses a reliable Section 8 tenant and the building has passed the May 2023 inspection, ensuring a stable rental income stream. The building is equipped with secure gates in both the front and back of the property, providing peace of mind for residents. With its desirable unit mix of 2 spacious two-bedroom units and 1 comfortable one-bedroom unit, this triplex offers versatile housing options to meet different market demands. Additionally, the separate electric and gas meters provide convenience and ease for both tenants and owners. Conveniently located with good access to public transit, this triplex offers the added advantage of easy commuting and accessibility to nearby amenities, making it an attractive choice for prospective occupants. Don't miss out on this remarkable opportunity to own a triplex with tremendous potential in the thriving city of Los Angeles.