Property listed by E Realty, Yazen Haddad 562-881-9947
$1,350,000
Turnkey, fully renovated duplex generating $7,200 per month in gross rental income. Situated on a 7,841 square foot lot, this exceptional investment features two detached homes, both extensively remodeled and fully leased. The property has undergone significant capital improvements, including new plumbing, a new roof, new windows, fresh exterior paint,… Read More and new hardscape, providing a low-maintenance investment for years to come. Utilities include three electric meters, two gas meters, and one water meter. A detached two-car garage and additional alley-access parking offer ample parking options. Architectural plans and supporting documents for an ADU conversion are complete and on hand, ready for submission to the City, presenting an outstanding value-add opportunity for future income potential (buyer to verify all plans, permits, and development requirements). This is a rare opportunity to acquire a stabilized, income-producing property with immediate cash flow and significant upside. Read Less
Listing Snapshot
Days Online
7
Last Updated
Property Type
Duplex
Lot Size
0.18 Acres
Year Built
1965
MLS Number
OC26154496
Additional Details
Building
Built in 1965, 3 buildings, 1 storey, Entry level: 1, Entry location: 1
Community
Gutters
Expenses
Insurance: $2,600, Operating: $15,000, Other Expense: $2
Garage
2 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $71,400, Gross ScheduledIncome: $86,400, Net Operating Income: $71,400
Laundry
LaundryRoom
Lot
0.18 acres, BackYard, FrontYard
Parking
1 carport spaces, 3 open parking spaces, 6 total parking spaces, Assigned
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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