UPDATED PRICE AT OVER 6% CAP RATE! Modern spacious triplex newly built in 2019. Centrally located with easy access to freeways, restaurants, shopping, and more. The front home is a completely independent, detached home with 4 beds, 3 baths, 1,700 square feet, and a two car garage. Separate building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths, and 1,561 square feet. All units promise consistent cash flow at maximum approved rents. All are designed with open living space floorplans, primary bedroom suites, and in-unit laundry. Due to the units being brand new construction as of 2019, the property is not subject to rent control, there are close to zero maintenance costs, and the new construction building warranty guarantees the new owner against latent defects. Hardscaped exterior driveways allow for ample parking, with additional yard space secured by a gate, which also adds extra security for the grounds. All units are separately metered for gas, electricity, and water, with each tenant paying their own utilities. Significant potential for appreciation based on upcoming nearby Olympic and World Cup events, expanding public transportation system, and an influx of investment into the area. Priced at a cap rate of 6% this deal is a no-brainer.
Property Details
Price:
$1,899,000
MLS #:
24458067
Status:
Active
Baths:
0
Address:
645 W 97th Street
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Oct 30, 2024
State:
CA
ZIP:
90044
Lot Size:
6,301 sqft / 0.14 acres (approx)
Year Built:
2019
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Central Air
Fireplace Features
None
Heating
Central
Exterior
Parking Features
Attached Carport, Driveway, Garage – Two Door
Parking Spots
6.00
Stories Total
2
View
None
Financial
Tenant Pays
Electricity, Cable T V, Gas, Water, Trash Collection
Map
Community
- Address645 W 97th Street Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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645 W 97th Street
Los Angeles, CA
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