11904 Painter, Whittier, CA 90605
List Price: $1.89M
Listing Status: Active
Original List Price: $2.35M
0Days on Market: 157
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1955
Lot Size: 29,746 sq ft
Garage Spaces: 3
Private Pool: Yes
MLS Number: TR26013364
About This Property
4-PLEX OPPORTUNITY! Great Property! Gross Income $125,820, NOI $99,744 ! Starting cap rate is appx. 5.10% 4 INDIVIDUAL HOMES on almost 3/4 acre lot! Great Income Investment property with HUGE POTENTIAL to add ADU's! See attached link for pre-approved LA County ADU PLANS. Each home has their own backyard. 3 homes have a 1 car garage. Property has been well maintained and is a CASH COW. Total gross rents are $10,485/month. Each home features 2 bedrooms/1 bath. All units have been upgraded. All have newer kitchens, bathrooms, windows, flooring, wall heater, electrical panels, newer garage doors. All units are individually metered for all utilities. Tenants pay all utilities, water, trash, gas, electricity. Over $160,000 in improvements have been made in the last 7 years. All units have their own washer/dryer hookups. 2 tenants are Section 8. This is a great opportunity! Hurry won't last long. Will not be delivered with vacant units. 3 are long term tenants. https://planning.lacounty.gov/planning-permits/accessory-dwelling-units/
Listing provided by: Cherie Pondoff DRE #01165416 951-333-4663 cherie4re@aol.com, Executive Plus Realty
Source: CRMLS, MLS #: TR26013364
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.