Fully Permitted Duplex 100% Occupied, Prime Central Location. This fully permitted two-unit apartment building offers an excellent investment opportunity with a strong 7.5% cap rate and immediate cash flow from day one. The property consists of: First Floor: 4 bedrooms / 2 bathrooms (currently owner-occupied), Second Floor: 4 bedrooms /… Read More 2 bathrooms (fully rented to four tenants). The upstairs unit features a shared kitchen and laundry area. One bedroom includes a private bathroom and shower, while the second bathroom is shared by the remaining three tenants. Parking space is available for up to four vehicles. Ideally located in the heart of Los Angeles, just minutes from LA Live, Crypto.com Arena (formerly Staples Center), the Financial District, Koreatown, Echo Park, and Filipinotown. The property offers excellent freeway access and proximity to major employment, dining, and entertainment hubs. Within distance to Starbucks, McDonald's, Panda Express, Bank of America ATM, and Good Samaritan Hospital.A short drive to 7th & Fig, Gold's Gym, Target, Zara, Nordstrom Rack, Ralphs, and LA Live.Also near cultural landmarks including Walt Disney Concert Hall, Dorothy Chandler Pavilion, The Broad Museum, LA Opera, Whole Foods Market, and FIDM.This is a rare opportunity to acquire a centrally located, income-producing property in a high-demand rental market. Read Less
Courtesy of HBAR 213-785-4989
Listing Snapshot
Days Online
49
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,496
Lot Size
0.09 Acres
Year Built
2006
MLS Number
26648307
30 Days Snapshot Of 90017
$720k
+56%
(avg) sold price
1
-50%
home sold
58
-61%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Hood Fan, Microwave, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Cable, Washer, Refrigerator, Range/Oven
Building
2,496 sq ft, Built in 2006, Levels: Two, California Bungalow
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