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This beautiful Craftsman-style 3-unit property presents an exceptional investment opportunity with significant upside potential! The property features two fully rented back units and a spacious front unit with a market value lease of $3,500/month. The charming Craftsman architecture adds timeless character and appeal, making this property a standout in the area. With the front unit offering ample space, it’s an ideal opportunity for an owner-occupant to live in the front unit while generating rental income from the two back units, or to maximize the investment potential by renting out all three.Property Highlights:-3 units in total-Front unit has a market value lease potential of $3,500/month-Rear units currently generating $1,700/month and $1,730/month (each) at full occupancy-Total Monthly Rent (for fully rented units): $6,930/month-Annual Gross Scheduled Income (GSI): $83,160 (potential)This is a rare opportunity to own a multi-unit Craftsman in a neighborhood where nearby single-family homes—without rental units—have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.
Property Type(s):
Residential Income
| Last Updated | 5/16/2025 | Tract | Ross & Davidson Tract |
|---|---|---|---|
| Year Built | 1922 | Community | Downtown Area, Alamitos Beach |
| Garage Spaces | 4.0 | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Vented Exhaust Fan, Water Heater |
| AREA | Downtown Area, Alamitos Beach |
| CONSTRUCTION | Wood Siding |
| GARAGE | Concrete, Direct Access, Door-Single, Driveway, Driveway Level, Garage, Garage Faces Front, Gated, On Site, On Street, One Space, Paved, Shared Driveway, Yes |
| HEAT | Floor Furnace |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level, Main Level Primary, Quartz Counters, Unfurnished |
| LOT | 6729 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Near Public Transit, Rectangular Lot, Sprinklers None, Street Level |
| PARKING | Concrete,Direct Access,Driveway Level,Door-Single,Driveway,Garage Faces Front,Garage,Gated,On Site,Paved,One Space,Shared Driveway,On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Patio Home |
| SUBDIVISION | Ross & Davidson Tract |
| UTILITIES | Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Connected,Water Connected, Electric: Electricity - On Property |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LBR2N |
Location
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Listed with Coldwell Banker Realty
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 2025.
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