UPDATED:
09/30/2024 05:43 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24166864
HOA Y/N No
Year Built 1910
Lot Size 7,061 Sqft
Property Description
Don’t miss out on this incredible opportunity to invest in a highly sought-after area of San Fernando! This multifamily triplex is perfectly situated just steps away from the bustling Maclay corridor, offering unparalleled access to a wide array of local amenities, including popular bakeries, top-rated restaurants, shopping centers, major banks, fine dining establishments, churches, autobody shops, orthodontics, and much more. Whether you're an investor looking for steady rental income or a developer with a vision, this property is a must-see! The triplex features three spacious 3-bedroom, 1-bathroom units, providing a total of 2,310 sq ft of living space on a generous 7,058 sq ft lot. Each unit is designed for comfortable living, making them highly attractive to potential tenants. All tenants are on month-to-month leases, offering flexibility and the opportunity for future rent adjustments. Located in a city with no rent control, this property provides an excellent opportunity for increased rental income. An additional highlight for investors and developers is the availability of the neighboring property at 129 N Hagar, which can also be purchased. This creates a rare opportunity to combine both lots and develop a lucrative project in this rapidly appreciating area. The location offers excellent access to public transportation and major highways, making it an ideal spot for those looking to capitalize on the growth and demand in the San Fernando real estate market. With strong rental potential and low vacancy rates in the area, this multifamily triplex is poised to be a high-return investment. This property is perfect for those seeking a profitable investment or a new development project in one of San Fernando’s most desirable neighborhoods. Act fast—opportunities like this are rare and won’t last long on the market. Contact us today to schedule a viewing and secure your future in San Fernando real estate!
Location
State CA
County Los Angeles
Area Sf - San Fernando
Zoning SFR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Mountainous
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
Total Parking Spaces 3
Private Pool No
Building
Lot Description Corner Lot, Front Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2520024010
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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