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Additional details
$ 1,799,000
Est. payment /mo
Price Dropped by $46K
11904 Painter Whittier, CA 90605
8 Beds
4 Baths
0.68 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26013364
Bedrooms 8
Lot Size 0.683 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
PRICE REDUCED !! 4-PLEX OPPORTUNITY! Great Property! Gross Income $125,820, NOI $99,744 ! Starting cap rate is appx. 5.50% 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. This is a great opportunity. https://planning.lacounty.gov/planning-permits/accessory-dwelling-units/
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Off of Carmelita rd. and Beaty
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 8026023005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Cherie Pondoff, DRE#01165416 Executive Plus Realty
NEARBY SCHOOL & BUSINESS
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