7029 Bellaire Los Angeles, CA 91605
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26157551
HOA Y/N No
Year Built 1958
Lot Size 6,189 Sqft
Property Sub-Type Triplex
Property Description
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAR1
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Laundry Closet
Exterior
Pool Private
Community Features Street Lights, Suburban, Sidewalks
View Y/N No
View None
Private Pool Yes
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2324018062
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS