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13737 Mercer St Pacoima, CA 91331
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Key Details
Sold Price $890,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,751 sqft
Price per Sqft $508
MLS Listing ID 24-399065
Style A-Frame
Bedrooms 5
Full Baths 4
Year Built 1942
Lot Size 4,954 Sqft
Property Description
Welcome to this wonderful Single Family House located in the City of Pacoima, CA. This property offers a fantastic opportunity for investors or those looking for a multi-family living arrangement. This beautiful property offers THREE units for its future owner: The front house offers 2 FULLY UPDATED bedrooms and 2 FULLY UPDATED bathrooms. The Back House (ADU) offers 2 FULLY UPDATED bedrooms and a FULLY UPDATED bathroom. Attached to the ADU, there is also a Studio with a FULLY UPDATED bathroom and FULLY UPDATED kitchenette. Both units in the back could give you the potential of getting cash flow. It can indeed be a great opportunity. The front house offers a potential rental income of around $3,800; the ADU in the back can get $2,900, and the studio could be rented for $2,100. PROJECTED TOTAL GROSS INCOME IS $8,800 PER MONTH. PROJECTED NOI IS $89,760. DO NOT MISS OUT ON THIS OPPORTUNITY TO PURCHASE THIS INVESTMENT AT A 10.57% CAP RATE! These rental rates can provide a substantial income stream for the future owner and help offset expenses associated with the property. It also boasts ample parking space accommodating around 6-8 cars in the property. It is very conveniently located to access amenities, transportation, and entertainment options. Whether you buy this property for rental income as an investor or for your own home this property it's an incredible opportunity!
Location
State CA
County Los Angeles
Area Pacoima
Zoning LAR1
Rooms
Family Room 1
Other Rooms None
Dining Room 0
Kitchen Counter Top, Quartz Counters, Remodeled
Interior
Heating Central
Cooling Ceiling Fan
Flooring Tile, Wood
Fireplaces Type None
Equipment Range/Oven, Garbage Disposal, Hood Fan
Laundry Outside
Exterior
Parking Features Auto Driveway Gate, Driveway, Driveway Gate, Driveway - Concrete, Gated, Private
Garage Spaces 8.0
Fence Privacy, Wrought Iron
Pool None
View Y/N No
View None
Roof Type Asphalt
Building
Story 2
Sewer In Street, In Street Paid
Water Public
Structure Type Stucco
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with RBS Realty