UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26221761
HOA Y/N No
Year Built 2016
Annual Tax Amount $9,452
Lot Size 5,201 Sqft
Property Sub-Type Duplex
Property Description
Each residence features its own in-unit washer and dryer, separately metered electricity and water, and convenient garage parking. The property includes one two-car garage and one single-car garage, along with gated access for added privacy.
Ownership has invested approximately $33,530 in improvements, including interior and exterior painting, carpeting, and the installation of a second water meter.
Currently generating $8,140 per month in combined rental income ($97,680 annually), the property offers attractive cash flow with additional rental upside. At the asking price of $1,195,000, the property reflects an approximately 7.08% capitalization rate based on seller-reported operating expenses, or approximately 6.62% using buyer-adjusted property taxes.
With its 2016 construction, substantial bedroom count, separately metered utilities, and established income stream, this is an opportunity to acquire a newer multifamily asset in Los Angeles. Buyer to verify all property details, financial information, and applicable rental regulations.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Interior Features High Ceilings, Open Floorplan, Recessed Lighting, Storage
Flooring Carpet, Tile
Fireplaces Type Electric
Fireplace Yes
Appliance Electric Range, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Dryer, Washer
Laundry Inside
Exterior
Parking Features Assigned
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking
Utilities Available Electricity Connected, Water Connected
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5018017023
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Special Listing Condition Standard
MORTGAGE CALCULATOR
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION