List Price: $949K

Listing Status: Active

Days on Market: 0

3 Bedrooms · 3 Bathrooms · 3,347 sq ft

Property Type: ResidentialIncome

Year Built: 1915

Lot Size: 7,545 sq ft

MLS Number: 26830215

About This Property

Great mixed use income property on a large 7545 sq.ft. corner lot. Ground floor unit on Holmes ave. is a mini market tenant that has beer & wine license. The market is currently paying $2916.50 per month and has appr. 3 years remaining on their 5 year lease with a 5 year option with rent increase each year. There are also two residential tenants on the 2nd floor : There is a 2 bedroom/1 bath unit paying $1591 per month & $50 per month to park an extra car. The 1 Bedroom/1 bath unit is paying $1580 per month. Owner pays for Water. There are two storage garages on the lot. One is being used by the 2 bedroom unit tenant. One is vacant and not used. There is also a advertising sign on the side of the building that the owner receives a few hundred dollars per year. Great for long term hold and/or possibility of adding additional units on the property. Also great for a 1031 Exchange. Buyer and/or Buyers agent to check for themselves as to what can be built there. Property is currently under the County of Los Angeles.

Listing provided by: Benjamin Shamouelian DRE #01703755 424-248-0224 Benny.Shamouelian@gmail.com, Exclusive Realty Inc

Source: CRMLS, MLS #: 26830215

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.