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Jiaqi (Shirley) Xiang

jiaqi.xiang@exprealty.com +1(626) 362-5570

$1,695,000

Est. payment - /mo

4,935 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26238720

Construction Status Turnkey

HOA Y/N No

Year Built 2023

Lot Size 4,935 Sqft

Property Sub-Type Triplex

Property Description

2023 new-construction triplex in South Los Angeles, offered at $1,695,000 and 100% leased. The property consists of a front three-story duplex and a detached two-story ADU totaling 5,218 SF on a gated R2 lot. Units A and B are each 5 bed / 4.5 bath with an en-suite bath for every bedroom, private balconies and in-unit laundry. The rear ADU is a 3 bed / 2 bath with an attached 2-car garage.

Green Certified construction with central HVAC, tankless water heaters, fire sprinklers, quartz counters and stainless appliances. Separately metered; tenants pay all utilities. Block walls, electric vehicle gate and 4 parking spaces.

Strong in-place income with significant upside to market rents. Not subject to LA rent control (RSO), and exempt from the AB 1482 rent cap until approximately 2038. Attached garage is a candidate for a fourth unit under California ADU law (buyer to verify).

Minutes from the 110 Freeway, USC, Exposition Park and Downtown LA. Ideal for a 1031 exchange, cash investor or owner-user.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Interior

Interior Features Open Floorplan, Quartz Counters, Recessed Lighting, Instant Hot Water

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Type None

Inclusions Appliances

Fireplace No

Appliance 6 Burner Stove, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water To Refrigerator, Water Heater, Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup, Laundry Closet

Exterior

Parking Features Electric Gate

Garage Spaces 2.0

Garage Description 2.0

Fence Block, Wrought Iron

Pool None

Community Features Biking, Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View City Lights, Neighborhood

Accessibility Parking

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Three Or More

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 6006013008

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Security Gate,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Joshua Vivanco Real of Greater Los Angeles, Inc 562-299-7934, DRE #02199160

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232 E Gage Los Angeles, CA 90003