Property Detail

Description

INCREDIBLE FOUR-PLEX IN PRIME LAKE BALBOA! Four Houses on One Lot with $13,000+ Monthly Rental Income Potential! Welcome to 6933, 6935, 6935 ½ & 6937 Jellico Ave. Whether you are a first time home buyer who is looking for space & privacy or an investor who wants to generate strong cashflow & passive income, this property is the perfect fit for you. Imagine owning a property that can help pay its own mortgage. This Fourplex features a total of 8 bedrooms and 8 bathrooms with roughly 3553 SqFt of living space, each unit having its own separate entrance and fully gated for maximum privacy. Unit Breakdowns are: 6935 ½ Jellico (SB9):1287 SqFt, 3 beds & 3 baths. 6935 Jellico (Main House): 940 SqFt, 2 beds, 2 baths. 6937 Jellico (ADU):826 SqFt, 2 beds & 2 baths. 6933 Jellico (Junior ADU): 500 SqFt, 1 bed & 1 bath. The entire property features brand-new plumbing, electrical, sewer lines, HVAC systems, roofing, gutters, smooth stucco, new double-pane windows, new doors, modern exterior & interior finishes and new landscape & hardscape. SB9 unit has 10ft high ceilings and paid-off solar panels. Inside, each unit features new stainless steel appliances, open floor plans, separate washer & dryer hookups for each unit, separate electric meters and private entrances. Top of the line Navien gas water heaters for Main House & JADU, while the SB9 and ADU are equipped with top-tier Rheem electric water heaters. The SB9 and ADU also benefit from both front and rear alley access, adding additional convenience and privacy. This is a rare opportunity to own a fully upgraded four-plex in a desirable neighborhood. Don’t miss your chance to own this exceptional four-plex in one of Lake Balboa’s most desirable pockets!