Overview
- 5
- 3
- 2263
- 1911
Description
Seller will consider buying down interest rate to approximately 4.5% for the first year! Great updated investment opportunity near USC! Well-maintained triplex zoned LARD1.5 offering a strong 5.7 % Cap Rate with additional rent upside potential. The property features two spacious 2-bed / 1-bath units and one 1-bed/1 bath unit. Significant upgrades completed within the last 3 years include newer flooring, newer kitchens and bathrooms, fresh interior paint, new water heaters, plumbing improvements, waste line replacement, and one new wall heater. Current rents provide stable income with the opportunity to increase returns through market rent adjustments and continued unit optimization. Ideal for both seasoned and 1031-exchange investors seeking value-add potential in a high-demand rental area.
Address
Open on Google Maps- Address Vernon
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90062
Details
Updated on July 31, 2026 at 8:06 pm- Property ID: HZ26638505
- Price: $998,000
- Property Size: 2263 Sq Ft
- Bedrooms: 5
- Bathrooms: 3
- Year Built: 1911
- Property Status: Residential Income
- Listed by: Jennifer Stein
- DRE #: 01786020
- Contact Phone: 8053195866|
- Contact Mail: Jen@JenSteinRealty.com
- Brokered by: Keller Williams Realty Santa Barbara
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