Charming two bedroom Spanish style home with duplex at the rear of the property. Prime Westside location. House has fireplace, hardwood floors and sunny breakfast nook in the kitchen. Storage room in the rear structure also has laundry hookups. The rear units consist of a 2+1 rented for $2,195, and a single rented for $1,445. The house is currently rented for $2,792. With the additional rental of the two one-car garages at $150/mo each, the annual gross income for this property would be over $80,000/yr. Conservative projections of upside rental rates (see projected rents) would provide income over $90,000/yr. This property would return a significant positive cash flow with as little as 25% down! Excellent investment opportunity in prime Westside neighborhood of Palms. Perfect upleg property for 1031 buyer or good for owner/occupant with rental income to offset the mortgage payments.
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