Los Angeles, CA 90022,512 S La Verne Avenue

$571,500

$550,000

3.9%
Est.Price: ?

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Est. payment /mo

2 Beds

2 Baths

8,002 Sqft Lot


SOLD DATE : 09/20/2024

Key Details

Sold Price $571,500

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24160867

Sold Date 09/20/24

Bedrooms 2

HOA Y/N No

Lot Size 8,002 Sqft

Property Description

Ideal for investors looking to generate rental income, this duplex offers a prime opportunity in the heart of Los Angeles. The front unit is already providing automatic income with long-time tenants in place, while the back unit is empty for new owner occupancy. This property sits on a huge lot, featuring a long driveway and separate 1 and 2 car garages, providing ample parking and storage space. With plenty of room for growth, there are endless possibilities for expansion or development. Located within a 3-mile radius, you'll find plenty of amenities including downtown Los Angeles, dining options, and schools such as James A. Garfield High School. The area also boasts convenient public transportation options, making commuting a easy. Enjoy the vibrant neighborhood with parks and recreational areas nearby, perfect for families and outdoor enthusiasts. While the home does need some repairs, its potential for significant return on investment makes it a compelling choice.
Ideal for investors looking to generate rental income, this duplex offers a prime opportunity in the heart of Los Angeles. The front unit is already providing automatic income with long-time tenants in place, while the back unit is empty for new owner occupancy. This property sits on a huge lot, featuring a long driveway and separate 1 and 2 car garages, providing ample parking and storage space. With plenty of room for growth, there are endless possibilities for expansion or development. Located within a 3-mile radius, you'll find plenty of amenities including downtown Los Angeles, dining options, and schools such as James A. Garfield High School. The area also boasts convenient public transportation options, making commuting a easy. Enjoy the vibrant neighborhood with parks and recreational areas nearby, perfect for families and outdoor enthusiasts. While the home does need some repairs, its potential for significant return on investment makes it a compelling choice.

Location

State CA

County Los Angeles

Area Los Angeles (90022)

Zoning Assessor

Building

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Monthly Total Fees $100

Acceptable Financing Cash

Space Rent $1,200

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Albert Pasillas • VYLLA HOME
Bought with Albert Pasillas • VYLLA HOME
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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