Request More Info
Schedule a Showing
Share
Print
|
7.22% Cap Rate! We are excited to introduce this exceptional investment opportunity, featuring a versatile mixed-use property with five units that seamlessly blend residential and commercial possibilities. The property spans 2,863 square feet on a spacious 5,084 square foot C2 Lot (TOC-3) in the bustling Vermont Corridor. It includes three residential units and two commercial spaces. Currently, one commercial space and one residential unit are vacant, offering the immediate potential for increased rental income, making it an attractive option for savvy investors looking to capitalize on the active local market. In addition, there are ready-to-issue(RTI) plans to convert the garage into a one-bedroom unit. With two tenants on month-to-month leases, there is significant flexibility for future development or restructuring. Situated near public transportation, major highways, shopping centers, and educational institutions, this property is strategically positioned for substantial value growth and has the potential to make a positive impact on its vibrant neighborhood.
Property Type(s):
Residential Income
| Last Updated | 10/24/2024 | Year Built | 1922 |
|---|---|---|---|
| Community | Los Angeles Southwest | County | Los Angeles |
Price History
| Prior to Sep 16, '24 | $575,000 |
|---|---|
| Sep 16, '24 - Sep 16, '24 | $1,320,000 |
| Sep 16, '24 - Oct 24, '24 | $1,319,000 |
| Oct 24, '24 - Today | $1,189,000 |
Additional Details
| AREA | Los Angeles Southwest |
|---|---|
| GARAGE | None |
| HEAT | Wall Furnace |
| LOT | 2502 sq ft |
| PARKING | None |
| STORIES | 1 |
| STYLE | Bungalow |
| ZONING | LAC2 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Global Platinum Properties, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
Twitter
Facebook
Email