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This beautiful Craftsman-style 3-unit property presents an exceptional investment opportunity with significant upside potential! The property features two fully rented back units and a spacious front unit with a market value lease of $3,500/month. The charming Craftsman architecture adds timeless character and appeal, making this property a standout in the area. With the front unit offering ample space, it's an ideal opportunity for an owner-occupant to live in the front unit while generating rental income from the two back units, or to maximize the investment potential by renting out all three. Property Highlights: -3 units in total -Front unit has a market value lease potential of $3,500/month -Rear units currently generating $1,700/month and $1,730/month (each) at full occupancy -Total Monthly Rent (for fully rented units): $6,930/month -Annual Gross Scheduled Income (GSI): $83,160 (potential) This is a rare opportunity to own a multi-unit Craftsman in a neighborhood where nearby single-family homes"”without rental units"”have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.
| DAYS ON MARKET | 134 | LAST UPDATED | 5/16/2025 |
|---|---|---|---|
| TRACT | Ross & Davidson Tract | YEAR BUILT | 1922 |
| COMMUNITY | 4 - Downtown Area, Alamitos Beach | GARAGE SPACES | 4.0 |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Vented Exhaust Fan, Water Heater |
| AREA | 4 - Downtown Area, Alamitos Beach |
| CONSTRUCTION | Wood Siding |
| GARAGE | Yes |
| HEAT | Floor Furnace |
| INTERIOR | Master Downstairs |
| LOT | 6730 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Near Public Transit, Rectangular Lot |
| PARKING | Concrete, Direct Access, Driveway, Garage Faces Front, Garage, Gated, On Site, Paved, Shared Driveway, On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | PatioHome |
| SUBDIVISION | Ross & Davidson Tract |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/26/25 9:45 PM PDT 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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