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New Listing – Triplex For Sale in Los Angeles

New Listing – Triplex For Sale in Los Angeles

Matt Dunfrund is pleased to present 2737 West View St, a triplex for sale in Los Angeles!

Featuring a front detached 2 Bedroom 1 Bath Home currently renting for $1,681/mth, and then a rear duplex with two 1 Bedroom units rented for $1,187 & $1,009/mth. The current gross income is $3,877/mth; $46,524/year. At our $879,000 asking price, the property is priced at $293,000/unit; a 18.89 current GRM; a 3.28% current CAP, and $459/SF. This property would also make a great owner-user investment for a buyer looking to occupy the 2+1 home & have two great rental units to help pay your mortgage.

The property is conveniently located minutes from the 10 Freeway, and only 0.6M from the La Brea/Expo Metro station for ease of commuting. Fantastic central Mid-City location just east of La Brea between Adams & Jefferson Blvd, and only a short trip to all the hip new restaurants, shops, and bars like Alta; Highly Likely; Collins Fish Market; Taqueria Los Anaya, and the Cork Bar just to name a few local favs.

Investment Highlights:
● Interesting Triplex Investment well-located at 2737 S. West View Street in the hot Jefferson Park/West Adams (90016) submarket.
● The property features a detached front 2+1 House and a rear duplex with two 1+1 units. There are 1,917 total rentable SF. Interesting owner-user investment if buyer wants to occupy home & help pay their mortgage with two units’ rental income.
● Current gross income of $3,877/mth; $46,524/yr… At the $879,000 asking price, the property is priced at: $293,000/unit; a 18.89 current GRM; a 3.28% current CAP, and $459/SF.
● 5,000 SF lot zoned R2; Build two condos/townhomes in the future here with SFR’s already selling for $1M locally

 

City Overview:  

The most heavily populated county in the country is Los Angeles County with approximately 9.9 million people, including about 1 million that live in unincorporated areas of the county. Los Angeles County is home to one of the most educated labor pools in the country and offers a labor force of more than 4.7 million, of which more than 1.5 million are college graduates.  According to the United States Conference of Mayors, Los Angeles County boasts a GDP among the twenty largest in the world. Los Angeles County’s continued economic growth, in contrast to other areas of the state and nation, is due to its diversified economy and abundant, well-trained workforce.

Los Angeles County is well located on the Southern Coast of California, and covers 4,061 square miles, including the San Clemente and Santa Catalina islands. The County is comprised of approximately 88 vibrant and diverse cities hosting more than 244,000 business establishments— the greatest concentration in the state. Los Angeles County has a Gross Domestic Product (GDP) of approximately $446 billion – placing it among the top 20 economies in the world. The combined GDP of Los Angeles and its five surrounding neighboring counties places it in the top 10. California is generally considered to be in the top five.

Over the years, Los Angeles County has developed a diverse economic base, supported by a number of Fortune 500 companies with headquarters in the area, including Hilton Hotels, Walt Disney, Occidental Petroleum, DirecTV Group, Northrop Grumman, and many more. Key factors positively impacting the region’s economic position include increased local media production by the entertainment industry and a continuing expansion of import flows. Los Angeles’ well-educated labor pool, many universities, wonderful climate, and world-class infrastructure will enable Greater Los Angeles to continue to be a world leader in economic and cultural significance.

 

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