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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$875,000

Est. payment - /mo

6 Beds

4 Baths

2,340 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,340 sqft

Price per Sqft $373

MLS Listing ID 26838969

Bedrooms 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2004

Lot Size 2,752 Sqft

Property Description

Rare Duplex Opportunity with Both Units Delivered Vacant. This is a unique chance to choose your own tenants at market rent or move in with extended family. The property features substantial rental income potential and no rent control. Both units will be delivered vacant, which is incredibly rare in Los Angeles due to local rent control laws and just cause evictions. Potential rental income is $7,500 per month at $3,750 per unit. The estimated rent exceeds the mortgage payment by almost $2,000, with 25% down. Boasting an exceptional Gross Rent Multiplier of just 9.7, which is well below the area average of about 16, this deal offers incredible value. Both units are newly remodeled with fresh paint, laminate wood flooring, quartz countertops, and dedicated in-unit washer-and-dryer hookups. Parking is easy with four spaces total, featuring two tandem spots per unit. Enjoy low maintenance overhead thanks to excellent unit separation, limited common areas, separate gas and electric meters, and newer construction built to modern building codes. Prospective buyers are advised to verify all information, including financing terms and the property's non-rent-control RSO status. The property is sold as is. Some photos are virtually staged.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAC2

Interior

Interior Features Open Floorplan

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop

Laundry Inside

Exterior

Parking Features Driveway, Garage, Side By Side, Tandem

Pool None

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Porch Concrete, Porch

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard

Faces West

Entry Level Two

Foundation Raised

Sewer Other

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6041001027

Security Features Window Bars

Special Listing Condition Standard

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Listed by Joel Daniel Rangel Coldwell Banker Realty #01827663

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

8624 S Main ST Los Angeles, CA 90003

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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8624 S Main ST