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Key Details
Sold Price $571,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24160867
Year Built 1949
Lot Size 8,001 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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LCR2YY
Interior
Heating None
Laundry Gas Dryer Hookup, Inside
Exterior
Parking Features Detached Carport
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights, Suburban
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Bought with Albert Pasillas • VYLLA HOME