Price improvement! All information on documents tab. Terrific investment opportunity! Charming 1339 square foot Spanish house plus 3 units on a prime North Park location. The 1920's 3 bedroom, 2 bath house is charming and perfect for an owner-occupant. Rehabbed in 1991. Hardwood floors, original fixtures and sconces, interesting ceilings and a working fireplace. Built in 1991, the triplex has 3 garages and 3 tandem parking spots. The apartments all have fireplaces. The garages are fully drywalled. The floor plans are open and interesting.The two upper units have unusual high ceilings and are flooded with light. House has laundry hook-ups and there is laundry room for the triplex tenants, machines leased from Art's. Tenants pay their utilities and there is a house gas and electric meter for the laundry. ALL leases Month to Month. Rents last raised in April of 2022. 3 of the tenants long-term. Garages are included in the triplex rents. The construction next door is for 2 tastefully designed two-story duplexes, LA has elevations. See documents tabs for a comprehensive set of reports and investigations, recent appraisal, 3 years P&L, repair bids and more. Can add an eighth parking spot. 3236 square feet total and units sizes per attached appraisal. Appraisers says market rents are $112,800 per year versus the current $88,080.
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