3055 Future St - Apartments FOR SALE


Los Angeles, CA 90065- Cypress Park
$1,165,000 USD
323-455-7575
3055 Future St, Los Angeles, CA for Sale
$1,165,000 USD
Apartments - FOR SALE
1/29
null | 6% Cap Rate

3055 Future St
Los Angeles, CA 90065
Cypress Park


HIGHLIGHTS

  • VERY desirable area with hard to find apartments (single family homes around only)
  • Tenants Pay: Gas, Electric, Trash (Separately Metered)
  • 1 bedroom unit (fully renovated to high standards) may be delivered vacant

OVERVIEW

Triplex | Mt. Washington | price reduced to $1,165,000 | Vacant 1-Bedroom Unit | strong 6% CAP Investor opportunity in one of NELA’s most desirable neighborhoods! This legal 3-unit property offers immediate income and future upside with strong tenant demand and low owner expenses. Two updated junior 1-bed units (studios per assessors records; with full kitchens and partially separated living and bedroom areas) are tenant-occupied, and a full 1-bedroom unit may be delivered vacant — ideal for top market rent or live/rent strategy. It'll qualify for 5% down payment loan for buyer who wants to occupy the vacant unit. Tenants pay gas, electric, and trash (separately metered). Owner pays water/sewer and brush clearance /landscaping. Rent control but rents are at market. Property sold as-is. Exterior needs new paint. Offers a great mix of cash flow, flexibility, and long-term appreciation in a proven rental location.

FOR SALE DETAILS

PRICE

$1,165,000 USD

PRICE/SF

$821 USD /SF

# OF UNITS

3

PRICE/UNIT

$388,333

CAP RATE

6%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

LAR1

APN/PARCEL ID

5455-014-015

ASK ABOUT THIS PROPERTY

Ewa RezaEwa RezaMore Info
323-455-7575

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Ewa RezaEwa RezaMore Info
323-455-7575

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.