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830 Tularosa Drive Silver Lake 90026 List Price: $1,090,000  Located in a very desirable pocket of Silver Lake on the quiet street of Tularosa Drive you will find a 3-unit income property that will be a real workhorse for your investment dollars!  Very well maintained, this triplex has so much to offer in terms of features and upgrades. All granite & tile in the kitchen and baths with laminate wood flooring throughout the other living spaces (no carpets).  New copper plumbing throughout as well as numerous electrical upgrades and brand new 2017 AC in two of the units.  Plus - TONS of off street parking. 9 spaces including four covered spaces in addition five parking spaces in the driveway. You know how much tenants love, love, love convenient off-street parking!  BONUS - in addition to the rental income there are coin-operated laundry machines in the on-site laundry room that generate additional revenue and machines will be included in the sale.  This property is an amazing opportunity for someone looking for a bread-and-butter income property in the fabulous community of Silver Lake.  PROPERTY DETAILS 9 CAR PARKING (4 covered spaces + 5 driveway spaces) Great Tenants (all three units are occupied) Laminate wood floors throughout (no carpets) Granite & tile kitchens and baths New copper plumbing throughout - 2007 Unit #1 and Unit #3 have new AC units - 2017 Additional features: recessed lights, ceiling fans TRIPLEX BREAKDOWN Unit #1: $1,719/m, 2-bed + 1-bath, 944sqft living area, 2 assigned parking spaces, 7-year tenant, new AC unit 2017 Unit #2: $1,638/m, 2-bed + 1-bath w-outdoor patio, 862sqft living area, 2 assigned parking spaces, 7-year tenant. Unit #3: $1,937/m, 2-bed + 2-bath w-outdoor patio, 1,064sqft living area, 2 assigned parking spaces, 7-year tenant, new AC unit 2017 TOTALS: RENTS = $5,294/month, 2,870sqft measured living area, 9 off-street parking spaces BONUS INCOME: Coin-op Laundry: $60+/month income from coin operated machines INCOME SUMMARY: $5,354 per month (= $5,294 rents + $60 coin-op laundry) GROSS ANNUAL INCOME TOTAL = $64,248 per year (= $5,354/month x 12) BRAND NEW! EXPERIENCE A VIRTUAL WALK THROUGH OF THIS PROPERTY IN 3D!   |
AuthorThe Fitzburgh Realty Team Archives
March 2024
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