Exceptional 3-Unit Investment Opportunity!
Rare chance to acquire a well-maintained and income-producing triplex featuring (2) singles and (1) spacious 3-bedroom/1-bath unit. The property offers strong in-place income with clear upside potential through rent increases and value-add opportunities. Interiors feature updated finishes and systems for reduced maintenance costs and improved tenant appeal.
Recent capital improvements include a newer rear roof (2021), recently installed staircase, fresh exterior paint, and completed termite work—all reducing near-term expenses. The property also includes 5 garages with automatic openers plus 3–4 additional surface parking spaces, creating potential for additional rental income.
Each unit has separate utility meters (3 electric / 2 gas / 1 water), providing the opportunity to implement a RUBS program for water, sewer, and trash recovery. ADU permits have been pursued—buyer to verify status and scope—offering further value-add potential. On-site laundry includes private hookups for the front unit and shared hookups for the rear units, with potential to add coin or app-operated machines for additional revenue.
Located in a desirable rental area, this asset presents an attractive combination of immediate cash flow, long-term appreciation potential, and multiple avenues for income growth.
Listed by William Mulkey
·
License #00986020
·
TR Wealth Management Inc.
·
310-919-7554
Last updated October 21, 2025
·
Source: CRMLS #SB25242845
Listing Facts
TypeMulti-family
NeighborhoodSunrise
Days on Prevu2
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/20/2025
Listed by TR Wealth Management Inc.
$1,100,000
Property Details for 2310 Elm
Association
Amenities
Community Features: Sidewalks, Urban
Exterior
Construction
Number Of Units Total: 3
Property Attached: Yes
Roof: Shingle
Stories Total: 1
Year Built: 1921
Common Walls: 1 Common Wall,No One Above,No One Below
Entry Level: 1
Entry Location: n/a
Measurements
Building Area Total: 1,581
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.12
Lot Size Area: 5,386
Lot Size Source: Owner
Lot Size Square Feet: 5,386
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $6,865.00
Operating Expense: $20,844.00
Taxes
Parcel Number: 7208016022
Other
Location
Subdivision Name: Wrigley Area (WR)
Tax Block: 2
Tax Lot: 8
Parking
Parking
Garage Spaces: 5
Garage: Yes
Parking Total: 5
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Common Area, Inside
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Available
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.