6.65% CAP RATE! VACANT DUPLEX JUST SOUTH OF USC! FHA OK! 1,658 sqft. Zoned R2. Close to USC, Expo Line and new Inglewood Football Stadium. Short commute to DTLA. GSI $50K, NOI $38K+, GRM 11.41, CAP 6.65%. Front house (908 W 50th Pl.): 3BD+1BA, 914 sqft. Craftsman-style finishes & refinished hardwood floors. Plenty of windows & natural light throughout. Spacious bedrooms with great closet space. Large kitchen. Separate laundry area with washer/dryer hookups. Estimated FMV Rent: $2,500/mo. Back house (907 W 51st St.): 1BD+1BA, 744 sqft. Similar layout as front and can be easily reconfigured into 2BD+1BA. New hardwood flooring to be installed. Large windows & plenty of natural light. Estimated FMV Rent: $1,700/mo. Both units have been newly painted on the inside. Buyer still needs to do minor updates in bath/kitchen. Extra privacy fencing. Lot size almost 5,800 sqft. Quiet neighborhood. Short commute to USC & DTLA. Close to new Expo Line. FHA ready. Great investment.
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