Welcome to this triplex in Glassell Park! This income property presents a great opportunity for both homeowners and investors. Two out of three units were completely remodeled in 2019, and there is potential for value-add in the third unit with significant rental upside.
The three units consist of a 3 Bed/2 Bath in the back, a detached building with a spacious backyard featuring trees, a storage shed, and breathtaking views. The front of the triplex features a 2 Bed/1 Bath and a 1 Bed/1 Bath unit, both with open concept layouts boasting quartz countertops, stainless steel appliances, including a stove, refrigerator/ice maker, dishwasher, stainless steel oven hood, and glass backsplash.
The remodeled units also come equipped with AC/heater and in-unit washer and dryer. The front unit has a large private/gated front yard, perfect for outdoor entertaining.
This is an excellent opportunity for those looking for a home that generates income or for an investor seeking a financially rewarding rental property. Conveniently located minutes from DTLA, Glendale, Atwater Village, Silver Lake, Echo Park, Eagle Rock, and Pasadena.
The current cap rate is 4.26%, with potential for even greater returns. Don't miss out on this rare opportunity to own a fantastic triplex in Glassell Park. Schedule your private tour today!