Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

2,340 sqft

Lot size

2,751 sqft

Year built

2004

Stories

0

Garage spaces

0

Style

Contemporary

Heating

Wall Furnace

Cooling

None

Pool

None

View

City Lights

Status

Active

Days on market

92

MLS #

242707751

About this property

Rare Duplex Opportunity with Both Units Delivered Vacant. This is a unique chance to choose your own tenants at market rent or move in with extended family. The property features substantial rental income potential and no rent control. Both units will be delivered vacant, which is incredibly rare in Los Angeles due to local rent control laws and just cause evictions. Potential rental income is $7,500 per month at $3,750 per unit. The estimated rent exceeds the mortgage payment by almost $2,000, with 25% down. Boasting an exceptional Gross Rent Multiplier of just 9.7, which is well below the area average of about 16, this deal offers incredible value. Both units are newly remodeled with fresh paint, laminate wood flooring, quartz countertops, and dedicated in-unit washer-and-dryer hookups. Parking is easy with four spaces total, featuring two tandem spots per unit. Enjoy low maintenance overhead thanks to excellent unit separation, limited common areas, separate gas and electric meters, and newer construction built to modern building codes. Prospective buyers are advised to verify all information, including financing terms and the property's non-rent-control RSO status. The property is sold as is. Some photos are virtually staged.

Location

8624 S Main Street

Los Angeles, Los Angeles, CA, 90003