219 E 76th, Los Angeles, CA 90003
List Price: $800K
Listing Status: Pending
0Days on Market: 23
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1924
Lot Size: 5,105 sq ft
Private Pool: Yes
MLS Number: SB26107230
About This Property
Introducing a remarkable investment opportunity—a versatile triplex perfect for investors or owner-users. The front unit is a newly remodeled 2-bed, 1-bath space, which is ready for immediate occupancy or tenancy. The middle unit, also remodeled, is currently rented for $2,420 under a Section 8 agreement, offering stable income. At the rear, a charming standalone 3-bed, 1-bath home includes in-unit laundry, rented for $1,822 to a Section 8 tenant. With the front unit rented, this triplex achieves an IMPRESSIVE 7.7% CAP RATE. Priced attractively at a 10 GROSS RENT MULTIPLIER, it yields an 8.1% ANNUAL ROI with just 25% down. For owner-users, this is an unbeatable opportunity to reside in the front unit while the rental income from the other units covers most of your mortgage and expenses. Seize this chance to own a property with separate meters and strong financials!
Listing provided by: Gregory Roberts DRE #01376549 310 802-5700 grobertsre@gmail.com, Coldwell Banker Realty
Source: CRMLS, MLS #: SB26107230
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.