8353 Costello Avenue, Los Angeles, CA 91402
List Price: $1.05M
Listing Status: Active
0Days on Market: 1
6 Bedrooms · 4 Bathrooms · 1,730 sq ft
Property Type: ResidentialIncome
Year Built: 1949
Lot Size: 6,255 sq ft
MLS Number: 26872437
About This Property
Three-unit income property in Panorama City generating $6,915 per month / $82,980 annually in current gross rents. The property has undergone substantial improvements and combines a renovated 3-bedroom main residence with two ADUs. 8353 Costello is a 3-bedroom, 1-bath main house extensively renovated with a newer roof, upgraded plumbing, remodeled kitchen and bathroom, updated flooring and windows, tankless water heater, lighting and interior finishes.8355 Costello is a 2-bedroom, 1-bath ADU created from the former detached garage with an addition. The unit features its own kitchen, heating and air conditioning, tankless water heater, washer/dryer, separate electrical panel and updated finishes. A privacy fence separates the unit from the main house and provides its own outdoor area.8351 Costello is a newer 1-bedroom, 1-bath ADU and features its own kitchen, bathroom, HVAC, tankless water heater, electrical panel and updated finishes.All three units are currently occupied, with rents of $3,090, $2,230 and $1,595 respectively. A strong opportunity to acquire a stabilized income property with significant renovation and unit-conversion work already completed.
Listing provided by: Marcus Kassin DRE #01216904 424-230-3700 marcus.kassin@gmail.com, The Agency
Source: CRMLS, MLS #: 26872437
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.