Property Detail

Description

Vacant! A two building duplex in South Los Angeles, just east of Main Street, with a large 3 bedroom, 2 bathroom front house that can be used as a two story primary suite and a massive 1 bedroom, 1 bathroom in back. Both units have washer and dryer hookups. The front unit (113) is newly upgraded: plank flooring throughout, a galley kitchen with quartz counters, a remodeled second bath with a marble look surround, and laundry hookups inside the unit. The third bedroom sits at the base of a private stair leading to an upstairs primary bedroom with an ensuite bath, walk in closet and a slider to a private balcony, so the two levels function together as a two story primary suite or separately as two more bedrooms. The rear unit (115) is an oversized 1 bedroom, 1 bathroom in its own detached building with an open living and dining room, a full L shaped kitchen, a separate laundry room with hookups, a covered porch and a patio. Approximately 1,946 square feet of building area on a 4,371 square foot lot, built in 1959. Market rents of $3,250 and $2,250 per month support a 5.94% cap rate at the asking price. Ideal for an owner user who wants to live in the front house and rent the back, or an investor who can set both rents at market from day one. Buyer to verify all information including square footage, permits and rent control status.