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.
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
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)
EXPERIENCE A VIRTUAL WALK THROUGH
OF THIS PROPERTY IN 3D!
Realtor / Community & Animal Lover
The Fitzburgh Realty Team