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Otay Ranch REALTORs

realestateotayranch@gmail.com +1(619) 417-6764

$ 1,669,000

Est. payment -/mo

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645 W 97th ST Los Angeles, CA 90044

12 Beds

9 Baths

4,800 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $347

MLS Listing ID 25604359

Bedrooms 12

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1938

Lot Size 6,303 Sqft

Property Description

Built in 2019, this non-RSO triplex delivers an exceptional 7.6% CAP rate and flexibility for both investors and owner-occupants alike. The property is entirely exempt from state and local rent control regulations, providing rare freedom in setting rental terms and maximizing income potential. The front, stand-alone unit lives like a single-family home - freshly remodeled and delivered vacant, ready for an owner to move in or for immediate lease-up. This spacious unit offers approximately 1,700 sq. ft. of open-concept living space filled with natural light, featuring 4 bedrooms, 3 bathrooms, and a two-car attached garage. At the rear are two identical tenant-occupied units, each offering 1,561 sq. ft., 4 bedrooms, and 3 bathrooms, generating consistent and significant rental income. The total living area across all three units is over 4,800 sq. ft. with 12 bedrooms and 9 bathrooms. The hardscaped exterior provides ample parking and minimal maintenance, while separate gas, electricity, and water meters allow tenants to pay their own utilities, simplifying management and maximizing net income. For the sophisticated investor, there is an opportunity here for cost segregation to allow significant tax deductions and savings up-front, making this a no-brainer investment. Also a great opportunity for an owner-occupier to take advantage of Fannie Mae's new 5% down payment opportunity! Situated in an area benefiting from major infrastructure and economic growth ahead of the 2028 Olympic Games, the 2026 World Cup, and ongoing public transit expansion, this property offers not only strong current cash flow but also meaningful long-term appreciation potential.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LARD2

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Laundry Laundry Closet, Stacked

Exterior

Parking Features Door-Multi, Direct Access, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Gated

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Faces South

Story 2

Entry Level Two

Architectural Style Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6054027027

Security Features Gated Community

Special Listing Condition Standard

Listed by Amir Torkamani Esquire Real Estate Brokerage, Inc.

Otay Ranch REALTORs

Agent | License ID: 01951113 01800826

+1(619) 417-6764

Otay Ranch REALTORs

645 W 97th ST Los Angeles, CA 90044

Key Details

Location

Interior

Exterior

Building

Others

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645 W 97th ST