$571,500
$550,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Albert Pasillas • VYLLA HOME