Property listed by Coldwell Banker Realty, Walter Castillo 323-464-9272
$649,000
Excellent Investment Opportunity Priced to Sell! Don't miss this rare chance to own a high-performing income property near the heart of Downtown Los Angeles. This legal duplex, currently operating with six rental units, delivers consistent cash flow and strong rental demand. Sitting on a generous 8,007 sq. ft. RD1.5-zoned… Read More lot, the property also offers attractive future development potential. Additional highlights include ample parking for up to 10 vehicles with convenient alley access. Located in a high-demand rental market, this is a prime opportunity for savvy investors seeking immediate income and long-term upside. Serious buyers-only property is priced to sell and won't last, current 7.16 Cap rate and 8.81 GRM! Read Less
Listing Snapshot
Days Online
24
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,780
Lot Size
0.18 Acres
Year Built
1901
MLS Number
25510019
30 Days Snapshot Of 90006
$795k
+3%
(avg) sold price
2
-71%
homes sold
34
-41%
(avg) days on market
Snapshot
Area Map
Additional Details
Floors
Laminate, Carpet
Building
Built in 1901, Building area total: 2,780, Levels: Two, Living area: 2780, 2 stories, 1 building
Community
Gated
Cooling
None
Fireplaces
None
Heating
None
Income
Gross income: $73,680, Net operating income: $46,468
Laundry
None
Lot
0.1838 acres, 8,007 square feet, Size: 8,007
Parking
10 open parking spaces, 10 totals parking, DirectAccess, Garage
Pool
None
Property
Zoning: LARD1.5, None
Roof
Shingle
Security Features
GatedCommunity
Spa
None
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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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