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
- 1,697 sqft
- Lot size
- 4,984 sqft
- Year built
- 1929
- Stories
- 0
- Heating
- Zoned,Wall Furnace
- Cooling
- Dual
- Status
- Active
- Days on market
- 2
- MLS #
- 248712950
About this property
Charming Spanish-style duplex offering the perfect blend of character, modern upgrades, and investment potential in the heart of Mid City. Whether you're looking to live in one unit while generating rental income from the other or expand your investment portfolio, this versatile property offers an exceptional opportunity.The front unit has undergone an extensive renovation, featuring updated flooring, a remodeled kitchen, refreshed laundry area, new paint, and thoughtful improvements throughout, while maintaining its original Spanish charm. Currently operating as a furnished mid-term rental generating $4,600 per month, the front unit will be delivered vacant at closing, giving the next owner the flexibility to move right in or continue its furnished rental use. The rear unit is currently tenant-occupied, providing an established rental income stream from day one and making this an attractive opportunity for both owner-occupants and investors. Adding even more value, the property features two rear garages and a spacious laundry room with potential for ADU conversion or additional development under LARD2 zoning. Ideally situated in Mid City near West Adams, Picfair Village, with convenient access to the 10 Freeway, Culver City, Santa Monica, Downtown LA, and Playa Vista. Enjoy nearby restaurants, shopping, and entertainment while benefiting from a central location that appeals to both residents and renters. A wonderful opportunity to own a character-filled, thoughtfully updated duplex with immediate income potential, owner-occupant flexibility, and room for future growth in one of Los Angeles' most connected neighborhoods.
Location
2225 Thurman Avenue
Los Angeles, Los Angeles, CA, 90016