Property Detail

Description

3 units, apartment property subtype, 6.42% cap rate ; 3 stand-alone buildings on 21,780 SF of land. Ideal to occupy one of the buildings for a home office for a contractor's business. Rent out the other two buildings for investment income. Legal non-conforming use is currently a triplex with three 2-bedroom residential units. $4,840 current monthly income (month-to-month tenancy). Located just west of Santa Fe Avenue and 3 blocks north of Rosecrans Avenue. One mile south of the Century (105) Freeway. Zoning code 30-14.4 may allow: Accessory storage of automobiles (in operating condition); building materials (excluding rock, gravel, and sand storage in excess of 2,000 tons); equipment, lumber, pipe, wood, cabinet, and carpentry shops; carpet cleaning; pest control operator.