Description
NOW BACK ON THE MARKET - $50K PRICE REDUCTION!Great multi-unit investment opportunity - sure to move quickly. 3529 Ferncroft Road is a newly-remodeled duplex in Atwater Village that provides an ideal house hacking opportunity, or it could generate a potential 5% cap rate for a pure investor. The complex consists of an upstairs unit and downstairs master unit that are both 2-bed/1-baths and approximately 550sqft. The upstairs unit has been recently rented at max market rate ($2,550), and downstairs master unit will be delivered vacant (projected rent for this unit is about $2,800). Downstairs unit is connected to a large yard with spacious storage sheds and on-site laundry with a new Samsung washer/drier set. The current owner has expertly updated the exterior with new balconies and the kitchens with fresh countertops, large basin sinks, and new refrigerators. The property contains a driveway, and ample street parking exists throughout the neighborhood. The central LA location is just minutes from Echo Park and Silver Lake and just a 10-minute drive from the Griffith Observatory and Dodger Stadium. Located right off the 5 freeway in a pleasant neighborhood with a Walk Score of 74, this property is an ideal investment. Buyer to verify all information.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
NOW BACK ON THE MARKET - $50K PRICE REDUCTION!Great multi-unit investment opportunity - sure to move quickly. 3529 Ferncroft Road is a newly-remodeled duplex in Atwater Village that provides an ideal house hacking opportunity, or it could generate a potential 5% cap rate for a pure investor. The complex consists of an upstairs unit and downstairs master unit that are both 2-bed/1-baths and approximately 550sqft. The upstairs unit has been recently rented at max market rate ($2,550), and downstairs master unit will be delivered vacant (projected rent for this unit is about $2,800). Downstairs unit is connected to a large yard with spacious storage sheds and on-site laundry with a new Samsung washer/drier set. The current owner has expertly updated the exterior with new balconies and the kitchens with fresh countertops, large basin sinks, and new refrigerators. The property contains a driveway, and ample street parking exists throughout the neighborhood. The central LA location is just minutes from Echo Park and Silver Lake and just a 10-minute drive from the Griffith Observatory and Dodger Stadium. Located right off the 5 freeway in a pleasant neighborhood with a Walk Score of 74, this property is an ideal investment. Buyer to verify all information.
Based on information from CRISNet MLS as of 2021-02-24T17:56:29.223. 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.
The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Based on information from the i-Tech MLS as of 2021-02-24T17:56:29.223. 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.