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Key Details
Sold Price $920,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,652 sqft
Price per Sqft $556
MLS Listing ID WS23118046
Bedrooms 2
Full Baths 2
Year Built 1949
Lot Size 7,875 Sqft
Property Description
Attention investors and buyers! We are delighted to present a highly convenient location duplex with exceptional features. Each unit consists of 1 bedroom and 1 bathroom. The seller recently completed renovations in 2021, ensuring a fresh and updated appeal.
Both units boast excellent tenants, making this investment even more appealing. The front unit (2617) has recently signed a one-year lease starting on 02/15/2023. The back unit (2619) is currently under contract and their lease is set to expire on 10/13/2023. Each unit is leased for $2000 per month, resulting in a total monthly income of $4000.
Not only are the tenants cooperative and pleasant to communicate with, but they also consistently pay their rents on time, adding to the desirability of this property. Furthermore, the seller has obtained permits and designed a project approved by the city. The project includes two significant aspects:
1. Converting the existing 629 sqft garage into a spacious 982 sqft unit.
2. Rebuilding a 456 sqft 2-car garage.
To provide you with a comprehensive overview, the project design drawings are included in the sales package. This investment opportunity offers both immediate rental income and the potential to further enhance the property's value through the approved project!
Location
State CA
County Los Angeles
Area 601 - Alhambra
Zoning ALR1YY
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Alhambra
Others
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with STEVEN JIANG • KW Executive