Property listed by New Star Realty & Investment, Sarah Bae 714-832-8888
$1,399,900
Exceptional investment opportunity in the heart of Mid-City Los Angeles — one of the city's most desirable and rapidly appreciating neighborhoods. This well-maintained 2-story duplex, built in 1936, offers 2,330 SF of total living space and features two identical units, each with 2 bedrooms, 1 bathroom, and a dedicated parking… Read More space.
The property presents outstanding upside potential: one unit is currently tenanted at $2,682/month with a long-term resident, while the second unit is vacant and move-in ready — offering the rare chance to set market-rate rent from day one. Current market rents in the area are trending at approximately $3,500/month per unit, representing immediate income growth for a savvy investor.
Whether you're looking for a pure income play or an owner-user opportunity, this duplex delivers. Live in one unit while the other offsets your mortgage — a smart strategy in a neighborhood where rental demand remains consistently strong. Ideal for 1031 exchange buyers, first-time investors, or owner-occupants seeking a foothold in prime Los Angeles real estate.
Don't miss this chance to own a value-add duplex in a sought-after location with strong fundamentals and immediate cash flow potential. Properties like this don't last long — schedule your showing today. Read Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
Duplex
Lot Size
0.11 Acres
Year Built
1936
MLS Number
PW26126825
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1936, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
StreetLights
Expenses
Operating: $13,852
Garage
2 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $64,368, Gross ScheduledIncome: $64,368, Net Operating Income: $50,516
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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