Excellent opportunity to purchase TWO detached homes on one lot on a nice, tree lined street for the price of one home! The front home (Unit # 632) provides appx 936 SF of living space and is configured as a 3Br+2Ba, and the rear home (Unit #630) offers appx 696 SF and is configured as a 2Br+1Ba. The property also includes a detached rear garage with alley access, and a permitted storage room attached to the garage that is a total of 640 SF (per permits). This could be a potential ADU conversion (Buyer to investigate). There is also open parking between each structure. Both homes are tenant occupied, and the property is subject to City of LA Rent Control (LA RSO). PROPERTY TO BE SOLD WITH TENANTS. Current rental income is over $3,000/mo, with room to double that when the units eventually turn over. Conveniently located just one block from John C. Fremont High School and McKinley Ave Elementary School, the property sits between Florence Ave and Manchester Ave, providing easy access to a variety of popular neighborhood dining destinations, markets, and everyday conveniences. With separate homes, rear alley access, and future value-add potential, this property offers an attractive opportunity for investors seeking both immediate cash flow and long-term upside. **Property is part of a larger 32-parcel portfolio sale of tenant occupied SFRs and Multifamily properties** Call Listing Agent #1 for more info**Portfolio sale can be purchased separately, or in bulk, more listings coming soon**
5 days
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Zillow last checked:
Listing updated:
Listed by:
Dana CoronadoDRE # 01746702310-562-9630,
Compass818-783-7721
Source: CLAW,MLS#: 26856133
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Bathroom
Features: Low Flow Shower(s), Low Flow Toilet(s), Shower Over Tub
Kitchen
Features: Formica Counters
Heating
Wall, Wall Gas
Cooling
Ceiling Fan(s)
Appliances
Included: Water Heater Unit, Gas Water Heater
Laundry: In Kitchen, Gas Dryer Hookup
Features
Ceiling Fan(s)
Flooring: Tile, Laminate, Mixed, Wood Laminate
Windows: Screens
Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: Detached/No Common Walls
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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