Description
1054 N Townsend is a mixed-use property in City Terrace which is a gentrifying area, just across the river from the arts district & with NO rent control makes this property an ideal investment to increase rents yearly. Total monthly rents are $4,595. Property features (TWO) residential units and (TWO) commercial storefront units, parking for 7+ cars. Total of (FOUR LEGAL UNITS+ 1 storage unit permits unknown). 3 units are 100% occupied and current on rents with stable tenants. Renovations include new windows and one unit has been entirely renovated. Built in 1926 on a 6,567 square foot lot with a total of 2,515 of rentable square footage. Property includes (ONE) 1 bed+1bath unit (Section 8) and (ONE) 2bed+1bath unit & (ONE) Storefront commercial units one which is a coffee/sandwich shop that has an additional adjoining unit with a separate address & includes a full bathroom which can be rented for supplemental income. Other nearby amenities such as parks, grocery stores, and local eateries add to the desirability of this location for tenants. HUGE rental upside future potential with the soon to be completed with the 6th Street bridge in 2024. High traffic area minutes from the Arts District, DTLA!!!
-
3BEDS
-
0.15ACRES
-
3BATHS
-
01/2 BATHS
-
2,515SQFT
-
$318$/SQFT
School Ratings & Info
Description
1054 N Townsend is a mixed-use property in City Terrace which is a gentrifying area, just across the river from the arts district & with NO rent control makes this property an ideal investment to increase rents yearly. Total monthly rents are $4,595. Property features (TWO) residential units and (TWO) commercial storefront units, parking for 7+ cars. Total of (FOUR LEGAL UNITS+ 1 storage unit permits unknown). 3 units are 100% occupied and current on rents with stable tenants. Renovations include new windows and one unit has been entirely renovated. Built in 1926 on a 6,567 square foot lot with a total of 2,515 of rentable square footage. Property includes (ONE) 1 bed+1bath unit (Section 8) and (ONE) 2bed+1bath unit & (ONE) Storefront commercial units one which is a coffee/sandwich shop that has an additional adjoining unit with a separate address & includes a full bathroom which can be rented for supplemental income. Other nearby amenities such as parks, grocery stores, and local eateries add to the desirability of this location for tenants. HUGE rental upside future potential with the soon to be completed with the 6th Street bridge in 2024. High traffic area minutes from the Arts District, DTLA!!!
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
Listing provided courtesy of Pacific Sotheby's Int'l Realty.
Listing information © 2022 San Diego MLS Inc.
Source: SDMLS