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3711 Monterey Road Los Angeles CA 90032
$725,000
3711 Monterey Road Los Angeles CA 90032
$725,000

Property Overview

  • 4 Bedrooms , 3 Bathrooms
  • 2129 Square Feet (approx.)
  • Listing #MAN3711ON

Prime El Sereno triplex recently upgraded and fully-leased. Located on Monterey Road south of Hermon, east of Debbs Park, and tucked between the Monterey Hills and Rose Hills. This 3-unit property is priced like an SFR, so it has solid long-term potential. Listed for less than $250K per unit, this triplex consists of a stand-alone SFR which is a 2 bedroom, 1 bath home (approx. 921± sq.ft.) and two-1 bedroom, 1 bath units (approx. 604± sq.ft. each). All three units have well-designed and spacious floor plans, as well as laundry hook-ups in each unit. The front building is a side-by-side duplex (built in 1938) with a grass yard behind it, the back house is a stand-alone SFR (built in 1952). There is also a two-car detached garage between the dwellings that is ideal for leasing out to tenants for additional income, the garage is currently used by landlord for storage. Gross rental income is currently $3,489 per month/$41,868 per year. LA County records show combined square feet at 2,129± for the 3 units, the lot is approximately 7,540± SF. This multi-unit property provides an excellent buy-and-hold opportunity for an astute investor.

Basic Features

  • Area: El Sereno
  • City Name: Los Angeles
  • County Name: Los Angeles
  • State: CALIFORNIA
  • Type: Residential Income
  • Zip: 90032
  • Bedrooms: 4
  • Bathrooms: 3
  • Partial Baths: 0
  • Square Feet: 2129

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