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Listed by Ken Wong, DRE #02241255 • STIGLER MORTGAGE
$1,099,000
Est. payment /mo
6,486 Sqft Lot
Active
1031 S Ditman Los Angeles, CA 90023
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26018950
Year Built 1940
Lot Size 6,486 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Ideal for 1031 exchange buyer or owner-occupied. Cap rate is about 5.5~6%. Start earning rental income from day one with this tenant-occupied property. Solid 7200 monthly income with strong tenants!! All units are month to month lease. This is a DREAM property for an investor or occupant owner. This property is not located in LA rent control area, NOT RSO. The property has been managed & maintained by professional property management for the last 5 years. There are 3 DETACHED units on the property. Unit 1 is a 4/2. Unit 2 is a 2/1. Unit 3 is a 2/1. There is a 2 room storage unit on the property being used by the residents that could potentially be transformed into an ADU. Rents are all close to market. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 3 was completely renovated down to the studs in 2019. Roofs were redone in 2019. The lot size is at almost 6,500 sq ft. There is a long driveway capable of parking 6+ cars with plenty of open street parking at all times. Nearby attractions include Mariachi Plaza, LAC Hospital, USC Medical, Cal State LA, and the Metro Gold Line. In just minutes you can reach Downtown Los Angeles, Dodger Stadium, and Crypto Arena. The property also offers easy access to major freeways such as the 5,
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Kitchen Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Gas
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Other
Garage Spaces 6.0
Pool 31, None
Roof Type Other
Building
Lot Description Paved
Story One Story
Foundation Raised
Water Hot Water, District - Public
Others
Tax ID 5239004058
Special Listing Condition Not Applicable
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