Property listed by eXp Realty of California Inc, Rachelle Tan 888-584-9427
$1,299,000
This incredible income property features two detached homes on a lot with great rental income and upside potential, conveniently located near York Blvd and Figueroa St, Highland Park's main thoroughfares. The front home (4913) is an 800 sqft, well-maintained 2-bedroom, 1-bathroom unit with long-term tenants, an attached 1-car garage with… Read More washer/dryer hookups, new exterior paint, carpeted living and dining areas, wood flooring in the bedrooms, and vinyl flooring in the kitchen and bathroom. The rear home (4911) is a 1,000 sqft, 2-bedroom, 2-bathroom unit that has been fully renovated with permits. Upgrades include a new roof, updated exterior stucco, remodeled bathrooms, a modern kitchen with quartz countertops, a tiled backsplash, and stainless steel appliances, fresh paint, sleek hardscape in the front and back, central HVAC, a tankless water heater, and recessed lighting throughout. This unit is also tenant-occupied at market rent. Other features for both units include: copper plumbing, upgraded electrical panel, and upgraded majority of the sewer line. Located in a vibrant and desirable area, close to trendy shops, dining, and transportation, this property offers a fantastic investment opportunity with low maintenance and upside rental potential. Read Less
Built in 1947, Building area total: 1,890, Levels: One, Living area: 1890, 1 story, 2 buildings, Common walls: NoCommonWalls, Construction materials: Stucco
Cooling
CentralAir
Doors
FrenchDoors
Expenses
Gardener expense: $360, Insurance expense: $1,202, New taxes expense: $10,760, Water sewer expense: $1,051
Fireplaces
None
Floors
Carpet
Garage
1 space
Heating
Central, HeatPump, NaturalGas, WallFurnace
Income
Gross income: $67,080, Net operating income: $53,707
Laundry
InGarage, Stacked
Lot
0.1721 acres, 7,496 square feet, Size: 7,496
Parking
2 open parking spaces, 3 totals parking, Concrete, DoorSingle, Garage
Pool
None
Property
Zoning: LAR1, None
Spa
None
Tenant Pays
CableTv, Electricity, Gas
Windows
DoublePaneWindows
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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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