Three individual single-story cottages: a 3BR front house, a 2BR middle house, and a 1BR rear unit plus a four car garage, on an 8,051 square foot R3 lot on the eastern edge of Huntington Park. The three units currently produce $45,600 a year against an $87,000 market schedule verified by nine leased comparables within a mile. The entire $41,400 spread is reachable at turnover, and SB 1211 permits up to three more units on the parcel.
This property does not need a single thesis to work. An owner-user buys a house with income attached; an investor buys a 90% rent spread on a stabilized asset with decontrol intact; a builder buys an R3 parcel at a 0.30 floor area ratio with a four-car garage already standing at the rear. The strongest bidder is likely all three at once, live in the front, mark the rear to market as it turns, and add units behind over the following years.