1309 E 55th Street, Los Angeles, CA 90011

About this home

This property is in a Low to Moderate Income Census Tract and QUALIFIES FOR The Hello Home Grant Program up to $20,000 with exclusive City National Bank/RBC U.S. Mortgage. The property qualifies for the $20,000 grant with no income restrictions. Use towards down payment • Pay Closing Costs and Loan Fees • Pay discount points for rate buydowns - lower payments • 3% down payments available • No Mortgage Insurance (No PMI) - Huge! TRIPLEX in the heart of LA near UCS with GREAT INCOME and VERY low operating expense. VERY LARGE 1 bdr/1bath (can be converted into two bedrooms) is getting $1900 (sect 8 tenant) in rental income, 2 bdr/1bath pays $2474 (sec 8 tenant), and 3 bdr/1bath is getting $3400 (sec 8 tenants). Monthly income of $7774 if you account for all units being occupied on ANNUALLY $93,288. All units in great condition, new plumbing and electrical, updated bathroom (two of units) and new flooring, double pane windows, new paint... All units have their own separate parking and gated parking spot, 3 seperate gas/ elecricity meters with 1 water meter. and the seller pays water only! Very low operating costs! This is THE BEST DEAL IN LOS ANGELES. Submit your offer TODAY!