3055 Future St - Apartments FOR SALE


Los Angeles, CA 90065- Cypress Park
$1,165,000 USD
310-562-9630
3055 Future St, Los Angeles, CA for Sale
$1,165,000 USD
Apartments - FOR SALE
1/41
null | 5.7% Cap Rate

3055 Future St
Los Angeles, CA 90065
Cypress Park


HIGHLIGHTS

  • Well maintained triplex in Mt. Washington with nicely maintained units and 1 newly remodeled unit
  • The vacant unit (1Br+1Ba) has been completely remodeled with brand new kitchen & bathroom fixtures, flooring and paint
  • Strong investment metrics: under 13 GRM and 5.7% CAP rate
  • Stunning mountain & city views facing South
  • Private patios for each unit
  • Current rents are $4,400/month! Vacant unit can be rented up to $3,100

OVERVIEW

The perfect hillside Northeast LA "house hacking" opportunity - WITH VIEWS! 3 units for the price of a single-family home in the area! The vacant (1Br+1Ba) unit has incredible views from all large windows and has been completely remodeled inside. It feels spacious and features new LVP flooring and paint throughout, recessed lighting, new heat and AC, a new kitchen cabinets and bathroom, extensive storage in the bathroom, and it has an adorable dining area with a view right off the kitchen. It has two entrances and private patio. The remodel of the owner's unit includes stainless appliances, marble look / quartz countertops, tile and glass tile backsplash, and a workstation ledge kitchen sink. The bathroom has mosaic floor tile and complimentary mid - century modern style tile throughout the bathroom, as well as a new tub shower combo, floating vanity sink, and bathroom mirror with integrated LED lighting. The unit is ready to move in, just bring furniture! The property also includes two well-maintained junior 1 bedroom apartments (large studios with partially separated bedroom area and full kitchen) that are currently tenant-occupied and generating a total of $4,400 per month in income to help pay the mortgage. This property is ideal for an owner-user but works great as an investment! Listed at under 13 GRM and a 5.7% CAP Rate!

FOR SALE DETAILS

PRICE

$1,165,000 USD

PRICE/SF

$821 USD /SF

# OF UNITS

3

PRICE/UNIT

$388,333

CAP RATE

5.7%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mt. Washington Triplex Remodeled Vacant Unit

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

Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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

Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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