7029 Bellaire, Los Angeles, CA 91605
- $1,099,000
- List Price
- $1,099,000
- Status
- ACTIVE
- MLS#
- SR26157551
- Year Built
- 1958
- Lot Size
- 6,190
- Acres
- 0.14
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 4
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
This is the kind of property that pays you back from day one. 7029 Bellaire is a triplex in the heart of Valley Glen, one of North Hollywood's most wanted neighborhoods. Two units are already rented and bringing in steady income, and the third is open and ready to add even more. If you're an investor looking for a deal that works the moment you close, this one's built for you. Here's how it breaks down. The main house has 3 bedrooms and 2 bathrooms and is rented to a tenant. The Junior ADU is 1 bedroom, 1 bathroom and the separate ADU is 1 bedroom, 1 bathroom, and it's vacant, so the next owner gets to set the rent and boost the return right away. Here's what makes it a smart buy: Income that's already in place. Occupied units mean you're not starting from zero. You step in and the cash flow's already moving. Not to mention, you could move into the brand new ADU and keep the other units rented to offset your investment, to keep your living expenses low. Real room to grow. The open ADU gives you instant upside. Rent it out and lift your monthly numbers from the start. A location that holds its value. You're minutes from the 170, close to parks, shopping, and schools, in a neighborhood people actually want to live in. That's what keeps good tenants and strong returns. The property also has a private pool, central air and heat, and a clean, well-kept feel that helps every unit show well. Full rent roll is available on request. Deals like this don't sit long, so if the numbers make sense to you, let's talk before someone else runs them first.
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Additional Information
- Pool
- Yes
- Pool Description
- Private
- Fireplace Description
- Living Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $96,000
- Operating Expense
- 5400
Listing courtesy of Listing Agent: Carie Gonzalez (carie@carieheber.com) from Listing Office: Equity Union.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.