Price Reduced ListingTWO VACANT UNITS!, in Los Angeles’ historic Lincoln Heights with upside and immediate cash-flow potential. The property is located in a vibrant, high-demand area with convenient access to the city center, transit, and major freeways, and is centrally positioned near Downtown, Highland Park, Pasadena, and Dodger Stadium. This well-maintained triplex offers three separate units, each individually metered for water, electricity, and gas, along with private outdoor patio space. The property currently offers two vacant units: a 2-bedroom, 1-bath middle unit and a 3-bedroom, 1-bath top unit, creating flexibility for owner-users or investors seeking market rents. The additional 3-bedroom, 2-bath unit is tenant occupied. An excellent opportunity for both cash flow and long-term appreciation with a projected 8%+ pro forma cap rate. Buyer to verify all financial information and potential income.
| MLS # | PW26035852 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1903 |
| Days On Site | 186 |
| Listing Provided By | Circle Real Estate | Lorenzo Armendariz |
| SQ Feet | 2,431 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Acreage | 0.32 |
| Fireplace Yes / No | No |
|---|
| Lot Features | Two To Five Units Acre |
|---|
| Parking Features | None |
|---|---|
| Garage Yes / No | No |
| Sewer | Public Sewer |
|---|
| Community Features | Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $899,000 low | high Med: $1,277,500 sqft: 2,431 low | high Med: 3,223 $ / sqft: $370 low | high Med: $401 On site: 186 low | high Med: 301 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $899,000 low | high Med: $1,277,500 sqft: 2,431 low | high Med: 3,223 $ / sqft: $370 low | high Med: $401 On site: 186 low | high Med: 301 | |