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10410 Baring Cross ST Los Angeles, CA 90044
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Key Details
Sold Price $1,249,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW23203893
Sold Date 01/30/24
Construction Status Turnkey
HOA Y/N No
Year Built 1924
Lot Size 4,839 Sqft
Property Description
UPDATE: FRONT HOUSE WILL BE VACANT, IF INTERESTED, MUST CONTACT ME BEFORE 11/24. 2 Units are occupied generating $5400 already. Welcome to this incredible investment opportunity in the heart of Los Angeles! This impressive three-unit property is a true gem, showcasing a lucrative income potential with its current gross rents of $8,200 per month and remarkably low operating expenses. Situated in a strong rental market location, this property offers convenience and accessibility to all that Los Angeles has to offer. 3 separate detached units, completely remolded, new floors, windows, electrical, plumbing, roofs, vinyl fencing, corner lot with ample parking, and most importantly, high-paying section 8 tenants. This is a turnkey investment, with no overhead for the owner outside of landscape, insurance and taxes. This is perfect for a 1031 exchange, exchanging maybe a lower income producing, high maintenance property to something like this where all you have to do is buy it, and money will come in! The property is a duplex + a permitted ADU making it 3 units!
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR1
Rooms
Ensuite Laundry Gas Dryer Hookup, Laundry Closet
Interior
Interior Features Open Floorplan, Pull Down Attic Stairs, Recessed Lighting, Unfurnished, All Bedrooms Up
Laundry Location Gas Dryer Hookup,Laundry Closet
Heating Ductless, High Efficiency
Cooling Ductless, High Efficiency
Flooring Laminate, Vinyl
Fireplaces Type Kitchen, None
Fireplace No
Appliance Gas Oven, Range Hood, Tankless Water Heater
Laundry Gas Dryer Hookup, Laundry Closet
Exterior
Garage Public, On Street
Fence Vinyl
Pool None
Community Features Biking, Street Lights, Urban
Utilities Available Electricity Available, Natural Gas Available, See Remarks, Water Available
View Y/N No
View None
Roof Type Shingle
Accessibility None
Parking Type Public, On Street
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Foundation See Remarks
Sewer Public Sewer
Water Private
Architectural Style Traditional
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 6061013001
Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Sameer Jafri • Professional Realty Services International, Inc.
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