$825,000
PENDING $70K PRICE DROP

Estimated payment $4,785/month

Total Views 6,332
8 Beds
4 Baths
2,612 Sq Ft
$316 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Abraham Lincoln High School Rated A
  • Laundry Room

About This Home

JUST REDUCED! PRICED TO SELL! We are pleased to exclusively offer for sale this 3 Unit (Tri-Plex) multi-family investment property located in the city of El Sereno. Now offered at a current 5.1% CAP Rate and 13.5 GRM, this property offers a desirable hillside location featuring a spacious 4-Bedroom/1.5-Bathroom single-family residence accompanied by two well-sized 2-Bedroom/1-Bathroom units. Together, the three units total 2,612 square feet of rental space on a 6,912 square foot lot, offering a rare chance to acquire a large, income-generating property with tremendous upside potential.

All units are separately metered for electricity and gas, providing straightforward utility management and increased efficiency. Tenants enjoy the convenience of onsite paved parking and private laundry hookups, enhancing daily living and long-term tenant satisfaction.

Located just minutes from the popular Hillside Village area, local parks, recreational amenities, and dining options, this property is ideally positioned to attract and retain tenants seeking both comfort and convenience. With approximately 60% upside in rental income, this asset is perfect for investors looking to reposition and maximize returns in a high-demand rental market.

Listing Agent

Kristopher German

RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 04/14/2025

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,135

Year Built

  • Built in 1965

Lot Details

  • 6,912 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Entry on the 1st floor
  • Flat Roof Shape
  • Shingle Roof

Interior Spaces

  • 2,612 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Paved Parking

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 129
  • Tax Tract Number 3479
  • Assessor Parcel Number 5218020037

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $2,250
  • Water Sewer Expense $3,520
  • New Taxes Expense $9,897
  • Operating Expense $17,167
  • Gross Income $61,200
  • Net Operating Income $42,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,135

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 5.10
  • Price Per Unit: 275000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3520.00
  • Zoning: LARD3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5218020037
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 315.85

Exterior Features

  • Pool Private: No
  • Roof: Flat, Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6912.00
  • Lot Size Acres: 0.1587

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 61200.00
  • Gross Multiplier: 13.50
  • Gross Operating Income: 59364.00
  • Gross Scheduled Income: 61200.00
  • Gross Spendable Income: 61200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6912.0000 Square Feet
  • Maintenance Expense: 2250.00
  • Net Operating Income: 42196.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 17197.00
  • Rent Control: Yes
  • Total Expenses: 17167.00
  • Vacancy Allowance: 1836

Tax Info

  • New Taxes Expense: 9897.00
  • Tax Census Tract: 2015.04
  • Tax Lot: 129
  • Tax Tract Number: 3479

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,135 $400,200 $270,907 $129,293
2024 $5,135 $392,354 $265,596 $126,758
2023 $5,042 $384,662 $260,389 $124,273
2022 $4,817 $377,121 $255,284 $121,837
2021 $4,749 $369,728 $250,279 $119,449
2020 $4,792 $365,938 $247,713 $118,225
2019 $4,613 $358,763 $242,856 $115,907
2018 $4,535 $351,730 $238,095 $113,635
2016 $4,319 $338,073 $228,850 $109,223
2015 $4,259 $332,996 $225,413 $107,583
2014 $4,292 $326,474 $220,998 $105,476
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Pending -- -- --
07/16/2025 07/16/25 Price Changed $825,000 -7.8% $316 / Sq Ft
07/16/2025 07/16/25 For Sale $895,000 0.0% $343 / Sq Ft
07/10/2025 07/10/25 Off Market $895,000 -- --
07/09/2025 07/09/25 For Sale $895,000 0.0% $343 / Sq Ft
06/23/2025 06/23/25 Off Market $895,000 -- --
04/14/2025 04/14/25 For Sale $895,000 +175.4% $343 / Sq Ft
05/07/2013 05/07/13 Sold $325,000 +16.1% $151 / Sq Ft
04/12/2013 04/12/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $280,000 -- $130 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Title 365
Grant Deed $325,000 Title 365
Interfamily Deed Transfer -- Diversified Title & Escrow S
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- Chicago Title
Grant Deed $174,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $370,000 Fannie Mae Freddie Mac
Previous Owner $292,500 Purchase Money Mortgage
Previous Owner $221,899 No Value Available
Previous Owner $200,170 Unknown
Previous Owner $13,895 Unknown
Previous Owner $169,816 FHA
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25081509

California Regional Multiple Listing Service (CRMLS)

APN: 5218-020-037