Property listed by Century 21 A Better Service, Luis Carlos Hernandez 562-572-4661
$749,000
Excellent income-producing opportunity in the heart of South Los Angeles! 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.… Read More 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 15.3, cap rate around 5%, and a price per square foot of $342, well below the neighborhood average of approximately $488/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. Read Less
Listing Snapshot
Days Online
56
Last Updated
Property Type
Duplex
Lot Size
0.13 Acres
Year Built
1921
MLS Number
DW25270199
Additional Details
Building
Built in 1921, 2 buildings, 1 storey, Entry level: 1, Entry location: 2
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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