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

2,294 sqft

Lot size

6,970 sqft

Year built

1951

Stories

1

Heating

Central

Cooling

Dual,Central Air

Pool

None

Status

Active

Days on market

1

MLS #

249168579

About this property

TWO HOMES. TWO ADDRESSES. BOTH FULLY VACANT AND READY FOR IMMEDIATE OCCUPANCY! Welcome to 7007 & 7009 Claire Ave, a rare opportunity to own two separate residences on one lot, offering approximately 2,200 combined square feet, 6 bedrooms, 4 bathrooms, private outdoor spaces, dedicated parking, and separate gas and electric meters. Both homes are currently vacant, giving buyers the freedom to move right in, generate rental income, accommodate extended family, or create the ideal live-in-one, rent-the-other arrangement.7007 Claire Ave Front Residence This approximately 1,000-square-foot home features 3 bedrooms, 1 bathroom, dedicated parking, and private front and back yards. Bright and inviting, the updated interior offers a remodeled kitchen with white shaker cabinetry, quartz countertops, and stainless steel appliances. Additional improvements include laminate flooring, central A/C installed in 2022, indoor laundry hookups, and refreshed interior and exterior paint. 7009 Claire Ave Rear Residence Built in 2019, this permitted ADU offers approximately 1,200 square feet with 3 bedrooms and 2.5 bathrooms. Featuring a spacious, functional floor plan, newer construction, dedicated parking, and a generous private yard, this residence provides the comfort and independence of a standalone home. EXCEPTIONAL INCOME POTENTIAL With both residences fully vacant, investors have the opportunity to establish new leases at current market rents without inheriting existing tenancies. Estimated rental income is approximately $3,200 per month for the front residence and $3,800 per month for the rear residence, totaling approximately $7,000 per month or $84,000 annually in potential gross rental income. For owner-users, the possibilities are just as appealing. Live in one residence while renting the other to help offset housing expenses, or enjoy the flexibility of two separate homes for multigenerational living. Conveniently located near the 101 Freeway, shopping, dining, and everyday amenities throughout the San Fernando Valley. Two addresses. Two private yards. Separate utilities. Dedicated parking. Six bedrooms. And best of all, BOTH HOMES ARE VACANT! Whether you're an investor looking for income potential or a homeowner seeking flexibility, this is an opportunity that's ready for its next chapter.

Location

7007 Claire Avenue

Los Angeles, Los Angeles, CA, 91335