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Listed by Luis Carlos Hernandez • Century 21 A Better Service
$695,000
Est. payment /mo
2,275 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,275 sqft
Price per Sqft $305
MLS Listing ID DW-25270199
Year Built 1921
Lot Size 5,602 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Live in one and rent the other! This well-maintained duplex plus non-conforming studio generates $4,250 per month ($51,000 annually) with both units currently leased—making it ideal for investors, 1031 exchange buyers, or owner-occupants looking to house hack.
The front unit features a 2-bedroom, 1-bath layout renting for $1,650/month. The rear unit, built in 2019, offers 3 bedrooms and 2 bathrooms with modern finishes and is rented for $2,600/month. A non-conforming studio provides additional upside income potential (buyer to verify), with estimated rent of approximately $1,200/month, bringing potential gross income to $65,400 per year.
Investment highlights include an approximate GRM of 14.5, cap rate around 5.4%, and a price per square foot of $342, well below the neighborhood average of approximately $325/SF. Property features include separate electric meters, parking for up to 5 vehicles, and a 5,600 SF lot.
Centrally located just minutes from the 110 Freeway, Downtown Los Angeles, SoFi Stadium, and major transit routes, this property benefits from strong rental demand and long-term growth potential.
Do not miss this rare opportunity to acquire a cash-flowing property with upside in a prime South LA location. Buyer to verify all information and income potential.
The front unit features a 2-bedroom, 1-bath layout renting for $1,650/month. The rear unit, built in 2019, offers 3 bedrooms and 2 bathrooms with modern finishes and is rented for $2,600/month. A non-conforming studio provides additional upside income potential (buyer to verify), with estimated rent of approximately $1,200/month, bringing potential gross income to $65,400 per year.
Investment highlights include an approximate GRM of 14.5, cap rate around 5.4%, and a price per square foot of $342, well below the neighborhood average of approximately $325/SF. Property features include separate electric meters, parking for up to 5 vehicles, and a 5,600 SF lot.
Centrally located just minutes from the 110 Freeway, Downtown Los Angeles, SoFi Stadium, and major transit routes, this property benefits from strong rental demand and long-term growth potential.
Do not miss this rare opportunity to acquire a cash-flowing property with upside in a prime South LA location. Buyer to verify all information and income potential.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Pool None
Community Features Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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Nearby Locations
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Naghmeh Keyvani
Broker Associate License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823