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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,195,000

Est. payment - /mo

5,201 Sqft Lot

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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

Exceptional investment opportunity in Los Angeles! Built in 2016, this well-maintained duplex features two spacious residences, each offering 5 bedrooms, 3 bathrooms, and approximately 1,800 square feet of living space, for a combined 3,600 square feet. Situated on an approximately 5,199-square-foot lot, the property offers a desirable combination of modern construction, generous floor plans, and strong in-place rental income.

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

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Listed by Collin Corsmeier Balboa Real Estate, Inc 714-855-2644, DRE #02011047

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831 W 50th Los Angeles, CA 90037