Rare duplex opportunity, with one vacant unit, substantial rental income, and no rent control.* The bottom unit will be delivered vacant, which is rare. Vacating a unit in LA can be nearly impossible, due to rent control laws and just-cause evictions. The potential monthly rent for the bottom unit is… Read More about $3,600. The upstairs unit will be delivered tenant-occupied with an approximate rent of $3,361. Total potential monthly rent for both units: $6,961. Rent exceeds mortgage payment by almost $2K, with 25% down.* The Gross Rent Multiplier is 10.2, significantly lower than the area average of about 16 (lower means more money). Both units have in-unit washer & dryer hookups and parking for two cars each. The bottom unit (in pictures) was partially remodeled, with brand-new floors, vanities, paint, lighting, and more. The top unit's finishes remain standard, not remodeled. Maintenance is low due to limited common area, good unit separation, newer construction, and newer building codes with safer materials. There are separate electrical and gas meters. Each unit has two parking spots, tandem. Duplex next door, 8624 Main St. may also be available for sale (off-market). Same owner as subject property. Buy both for a complete fourplex. *Prospective buyers are advised to verify all information, including financing terms and the non-rent control (RSO) status of the property. The property is sold as-is. Some photos are virtually staged. Read Less
Property listed by Coldwell Banker Realty, Joel Daniel Rangel 424-280-7400
Listing Snapshot
Days Online
23
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,340
Lot Size
0.06 Acres
Year Built
2004
MLS Number
25515771
Additional Details
Appliances & Equipment
Range, Dryer, Washer
Building
Built in 2004, Building area total: 2,340, Levels: Two, MultiSplit, Living area: 2340, 2 stories, 2 buildings, Construction materials: Stucco
Community
Gated
Cooling
None
Heating
WallFurnace
Income
Gross income: $6,961, Net operating income: $68,032
Laundry
LaundryCloset
Lot
0.0632 acres, 2,751 square feet, Size: 2,751
Parking
4 open parking spaces, 4 totals parking, Driveway
Pool
None
Property
Zoning: LAC2, Porch, None
Roof
Composition, Shingle
Security Features
GatedCommunity
Spa
None
Tenant Pays
Electricity, Gas, TrashCollection
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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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