Property Detail

Description

Triplex in Belmont Heights. Vibrant Redondo Avenue frontage. Live/work allowed under zoning. Duplex in the front, free standing cottage in the back above a two car garage with lots of parking, extra storage/laundry room. Well maintained with pride of ownership. Recent paint, roof, and cement driveway. Low maintenance, tenants pay all utilities. One unit currently available for owner/operator. Seller will guarantee lease income for three months. Total actual gross income of $7000 from all three units. Low maintenance, low expenses, tenants pay all utilities, and they take care of monthly landscaping. One unit is rented to a hair salon with almost 2 years left on the lease with interest in extending for 5 years. Back building is a large one bedroom apartment on a month to month basis which includes the two car garage and storage/laundry room. Possible garage conversion to an ADU utilizing the two car garage and laundry facility. Seller has owned and managed the property for 40 years.