Posts Tagged with ‘Echo Park’
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Income-Producing Triplex in Rampart Village
18 May 2024JUST LISTED | 234 S. Vendome St., Los Angeles, CA 90057 234 S. Vendome St., Los Angeles, CA 90057 $1,279,000 1905 Victorian Triplex 9 Bedrooms | 6 Baths 2926 Sq. Ft. | 6010 Sq. Ft. Lot Vintage Details Intact, Natural Light, Vacant Main House Schedule a private showing before the open house! JUST LISTED | Sitting at the intersection of the Eastside’s most desirable neighborhoods between Silver Lake and Virgil Village in vibrant Rampart Village is this very rare income producing triplex with a vacant and renovated detached main house. Nestled among a verdant and private front yard, the property has the most valuable configuration for owner-occupants and investors: a detached, move-in ready 3 bedroom/3 bath home in the front, complemented by a duplex at the rear. Upgrades to the main house include a brand new roof and central AC. The duplex, currently rented at $4413/month, consists of a 4 bedroom/2 bathroom unit upstairs and a 2 bedroom/1 bathroom unit downstairs. The front house, with a market rent potential of $4500/month, features high ceilings, vintage architectural details, a new kitchen, updated baths, paint and flooring. Even at current rates, the entire mortgage would be covered with over $1500/month positive income…