Atwater Village Triplex
3803 Seneca Ave., Los Angeles, CA 90039
$1,679,000
Price
3.80%
Cap Rate
18.55
GRM
3
Number of Units
100%
Occupancy
2,322
Building SF
Prime Investment Opportunity
Legal three-unit multifamily property Offered at $1,695,000 Located in the desirable Atwater Village area, adjacent to Glendale Strong long-term appreciation market Ideal for investors and future owner-users
Property Highlights
Approximately 2,322 SF building 5,249 SF lot Front 2 Bed / 2 Bath residence Two rear 1 Bed / 1 Bath units Three on-site parking spaces Pride-of-ownership property
Income & Value-Add Potential Current Gross Annual Income: $90,516 All tenants are month-to-month Opportunity to increase rents over time, subject to applicable laws Front residence offers excellent future owner-user potential Strong rental demand in the neighborhood
Investment Advantages Legal triplex Well-maintained asset Attractive unit mix Stable occupancy Desirable tenant amenities Excellent long-term investment potential
Buyer Benefits Turnkey investment opportunity Minimal immediate capital expenditures Future owner-occupancy potential Replacement property for Seller's 1031 Exchange has already been identified
Property Snapshot Offering Price: $1,695,000 Property Type: Legal Triplex Building Size: 2,322 SF Lot Size: 5,249 SF Unit Mix: One 2 Bed / 2 Bath + Two 1 Bed / 1 Bath Parking: 3 Spaces Current Monthly Income: $7,543 Current Annual Gross Income: $90,516 Tenancy: All Month-to-Month Private Laundry: In Every Unit
Location Highlights
Minutes to Atwater Village dining and shopping Convenient access to Glendale, Los Feliz, and Silver Lake Close to Griffith Park Easy access to Downtown Los Angeles Convenient access to Interstate 5, State Route 2, and State Route 134
Steve Hovakimyan
Broker
(818) 845-5551
Steve@CityCenterRG.com
01363908
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