This triplex is a gem that makes cash flow with a very low entry fee/down payment. The property cash flows with 25% down over 3.2% on actual expenses and income! The 1 bedroom units are 30% BELOW MAREKT RENTS F $1400 PER MONTH AND JUST NEED COSMETIC UPGRADES. ONE TENANT IS ON SECTION 8. The units are all one story with 3 detached agarges with low in place rents from longer term tenants. The unit mix is 2 1 bedrooms and 1 two bedroom unit. There is a washer and dryer area and it was built in 1948.
With some light cosmetic upgrades, rents could easily be more if you would like to do so. This is a perfect asset to add to your portfolio or for the first time investor or owner-user who can live in one of the units and save some
money towards retirement too. There is some copper pipe buyer to check it all out for themselves.
Full Property Details
Full Property Detailsfor 4448 W 115th Street
Sold For: $700,000
MLS ID: SB17214906
Added: 280 day(s) ago
Rooms/Areas: All Bedrooms Down
Appliances: Garbage Disposal, Gas Oven, Gas Range, Gas Water Heater
Flooring: Laminate, See Remarks, Vinyl
Laundry: Community, See Remarks
Pool Description: None
Garage Spaces: 3
Parking Features: Assigned, Direct Garage Access, Garage (Rear Entry)
Listed by TR Wealth Management Inc.,William Mulkey
4448 W 115th Street, Hawthorne, CA 90250 (MLS# SB17214906) is a
Multi-Family property that was sold at $700,000 on April 11, 2018.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.