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7722 Lankershim Avenue
USD 625,000
Property ID: SW23169370
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7722 Lankershim Avenue ,92346
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icon 9032 SqFt
icon Built in 1981
icon USD 69/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
2625
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1981
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Detailed Introduction Of This Home
This offering is a triplex located in the San Bernardino/Highland area of the Inland Empire. This area is conveniently surrounded by the I-10, the 210, and the I-15 Freeways, making it an easy commute to get to/from Los Angeles and Orange Counties within 30-45 minutes. THIS TRIPLEX HAS THREE 2 BEDROOMS 2 BATHS UNITS EACH!! Having the extra baths in each unit means more money to you and is a super attraction to tenants, and their willingness to pay top rents. Most of the available units in the area have either 1 bedroom's 1 bath's or 2 bedrooms 1 baths, so units having 2 bedrooms 2 baths like this offering are a rarity. Moreover, the short supply of 2 bedroom 2 bath units means those rent will rise quicker!! Please see the RENT COMP (a few blocks away) in the MARKETING PACKAGE attached. Please note the 2 bedroom 2 baths are fetching $1,970 rents monthly!!! This complex really performs! Please look at the ANNUAL PROPERTY OPERATING DATA statement, in the MARKETING PACKAGE attached, At market rents we're putting out an astounding $70,920 annual gross income, an 8.81 Gross Rent Multiplier, a rarely seen 9.80% Cap Rate, and a robust 21.78% Cash on Cash. Please note we are priced way below the market. In the MARKET PACKAGE attached, there's a nearby triplex sales comp, with an inferior (one 2 bedrooms 1 bath's, and two 1 bedroom's 1 bath's), that recently sold for $650,000. We're three 2 bedrooms 2 baths, and we're asking only $625,000!!! It is very rare to find a triplex in the Inland Empire, with 2 bedrooms 2 baths, for under $700,000. Normally one would have to go out to the for outskirts of the Inland Empire to find this. Here we have a triplex, with 2 bedrooms 2 baths, at the hub of the Inland Empire!!!
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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7722 Lankershim Avenue
USD 625,000 0 Beds
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