Property listed by Compass, Kenny Stevens 310-230-5478
$1,650,000
645 W. 97th is a newer construction triplex offering FHA eligibility, a vacant 4-bdrm. and 3-bath unit, and exemption from local and state rent control. Built in 2020, this well-maintained triplex is currently exempt from both the City of LA RSO and CA AB-1482. The property is not subject to… Read More a rent ceiling (buyer to verify). This gives ownership the ability to raise rents annually without percentage caps. In addition, the front 4-bed and 3-bath unit is delivered vacant at COE, qualifying the property for FHA financing when owner-occupied. The triplex consists of (3) 4-bed, 3-bath units, each avg. approx. 1,600 SF. The unit sizes and layouts support a wide range of tenant profiles, including larger households and shared living arrangements. All units are well-maintained and feature wood-style vinyl flooring, recessed lighting, central A/C, and in-unit laundry hookups. Kitchens feature updated cabinetry, tile backsplash, and ample counterspace, while bathrooms feature contemporary vanities and tilework. Tenants pay their own utilities, supporting straightforward operations and expense management. The units are arranged across two buildings on a 6,301 SF lot, with an open parking area separating the front unit from the rear duplex. This configuration provides separation between units and a more residential feel than a traditional apartment layout. With FHA eligibility, city- and state-rent-control exemptions, and newer-construction amenities, 645 W. 97th is a compelling option for buyers seeking an owner-user opportunity with minimal management headaches. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
12
Square Ft.
4,800
Lot Size
0.14 Acres
Year Built
2020
MLS Number
26640191
Additional Details
Building
Built in 2020, Living area: 4800.0, 2 buildings, Building faces South, 2 stories, Levels: Two
Community
Gated
Cooling
CentralAir
Fireplaces
None
Garage
1 spaces
Heating
Central
Income
Gross Income: $153,852, Net Operating Income: $122,015
Lot
0.1447 acres
Parking
2 open parking spaces, 3 total parking spaces, DoorSingle, Garage, SideBySide, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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