8353 Costello Avenue, Los Angeles, CA 91402
- $1,050,000
- 6
- BD
- 4
- BA
- 1,730
- SqFt
- List Price
- $1,050,000
- Status
- ACTIVE
- MLS#
- 26872437
- Year Built
- 1949
- Bedrooms
- 6
- Bathrooms
- 4
- Living Sq. Ft
- 1,730
- Lot Size
- 6,255
- Acres
- 0.14
- Days on Market
- 24
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Three-unit income property in Panorama City generating $6,915 per month / $82,980 annually in current gross rents. The property has undergone substantial improvements and combines a renovated 3-bedroom main residence with two ADUs. 8353 Costello is a 3-bedroom, 1-bath main house extensively renovated with a newer roof, upgraded plumbing, remodeled kitchen and bathroom, updated flooring and windows, tankless water heater, lighting and interior finishes.8355 Costello is a 2-bedroom, 1-bath ADU created from the former detached garage with an addition. The unit features its own kitchen, heating and air conditioning, tankless water heater, washer/dryer, separate electrical panel and updated finishes. A privacy fence separates the unit from the main house and provides its own outdoor area.8351 Costello is a newer 1-bedroom, 1-bath ADU and features its own kitchen, bathroom, HVAC, tankless water heater, electrical panel and updated finishes.All three units are currently occupied, with rents of $3,090, $2,230 and $1,595 respectively. A strong opportunity to acquire a stabilized income property with significant renovation and unit-conversion work already completed.
Additional Information
- Appliances
- Refrigerator
- Heat
- Central, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Central Air, Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Marcus Kassin (marcus.kassin@gmail.com) from Listing Office: The Agency.
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