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Active 6 days on market

649 N Cummings Street

Los Angeles, CA 90033

$1,095,000

649 N Cummings Street
649 N Cummings Street photo 2
649 N Cummings Street photo 3
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+19 more
6Beds
0Baths
3,245Sq Ft
0.12Acres
1905Built

About This Home

TREMENDOUS UPSIDE! This well-maintained triplex offers a rare opportunity for significant rental growth in the rapidly evolving Boyle Heights market. The property features approximately 3,245 sq ft of building area on a 5,071 sq ft corner lot, providing excellent ingress and egress for parking. The front building consists of two units a 3-bedroom, 1-bath and a 2-bedroom, 1-bath while the detached rear unit offers 3 bedrooms and 2 bathrooms and was fully remodeled approximately 4 years ago. This versatile unit mix is highly desirable for maximizing rental income and attracting long-term tenants. Tenants share the driveway for parking and are responsible for maintaining the parking area. Tenants also pay all utilities, keeping landlord expenses minimal and limited to property taxes and insurance. With low operating costs and strong income potential, this property is an efficient, income-producing investment. Located in a quiet residential neighborhood, the property offers a unique blend of suburban comfort with close proximity to ongoing development and appreciation throughout Boyle Heights. BONUS OPPORTUNITY: Back unit will be moving out in June. It will be delivered vacant for owner occupying the unit. It is also a great opportunity to raise the income to market value. The adjacent property at 645 N Cummings is also available for sale, presenting a rare chance to acquire multiple income properties in a prime location. Additional details available upon request.

Property Details

Property TypeResidentialIncome
Year Built1905
Living Area3,245 sq ft
Lot Size0.12 acres
Bedrooms6
Bathrooms0 full
Parking Total5
HeatingForcedAir
CoolingWallWindowUnits
PoolNo
MLS #1159498171
Days on Market6 days

Location

Listed by

Alexis Kim

Keller Williams Larchmont

MLS# CLW-X64194

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Based on information from CRMLS. All data is deemed reliable but not guaranteed. Listings marked with the CRMLS icon are provided courtesy of the California Regional MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing.