MarketPier

13378 Terra Bella Street - Pacoima, CA 91331

$749,990
Listing Description

Two houses on a lot with separate addresses. Talk about opportunity, these 2 properties boast approx 2100 total sq ft with 5 bedrooms & 3 bathrooms total. Each property has their own separate gas and electric meter and 1 shared water meter. You could live in one property and rent out the other or makes for a great investment opportunity with a potential 6% cap rate by renting out both units.Front house 13378- Has been remodeled and is approx 900 sq ft with 2 bedrooms and 1 full bathroom. Great curb appeal and inside you find a family r0om with fireplace, dining area and kitchen. The kitchen features new grey shaker cabinetry for optimal storage, new quartz counters, and & new stainless steel appliances. A hallway leads to the 2 bedrooms serviced by a hallway bathroom with new vanity, new tiled floor and new shower/tub enclosure, central heat and air conditioning, inside laundry hook ups, new interior/exterior paint and new laminate floors throughout. The 2nd property 13380- Is a permitted 2019 ADU new build and features 1200 sq ft with 3 bedrooms, 2 bathrooms w/ attached 2 car garage. Kitchen with various cabinets for ample storage, quartz countertop and stainless steel appliances. Laminate floors through out, central heat and AC, and inside laundry hook ups. Front home has the possibility to rent for $2200/ month while the back home has the possibility to rent for $2900/month for a combined total of $61,200/year.

Listing Information
MLS Number
IG19268902
APN/Parcel ID
2622003018
Type
Multifamily
Sub Type
Multifamily
Building Size
2,013 sqft
Lot Size
7,495 sqft
Price / SQFT
$373
No Units
2
Price / Unit
$374,995
Gross Scheduled Income
$61,200
Expenses
$12,188
Total Expenses
$12,188
Net Income
$49,012
Listing Date
11/29/2019
Days Active
12
Last Updated
12/12/2019
Listing Provided By
Alaura Clennon
Griffin Real Estate, Inc.
BRE# 01390361

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