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$ 1,195,000
Est. payment | /mo
10 Beds
6 Baths
5,199 Sqft Lot
$ 1,195,000
Est. payment | /mo
10 Beds
6 Baths
5,199 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26221761
Bedrooms 10
Lot Size 5,199 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional investment opportunity in Los Angeles! Built in 2016, this well-maintained duplex features two spacious residences, each offering 5 bedrooms, 3 bathrooms, and approximately 1,800 square feet of living space, for a combined 3,600 square feet. Situated on an approximately 5,199-square-foot lot, the property offers a desirable combination of modern construction, generous floor plans, and strong in-place rental income. Each residence features its own in-unit washer and dryer, separately metered electricity and water, and convenient garage parking. The property includes one two-car garage and one single-car garage, along with gated access for added privacy. Ownership has invested approximately $33,530 in improvements, including interior and exterior painting, carpeting, and the installation of a second water meter. Currently generating $8,140 per month in combined rental income ($97,680 annually), the property offers attractive cash flow with additional rental upside. At the asking price of $1,195,000, the property reflects an approximately 7.08% capitalization rate based on seller-reported operating expenses, or approximately 6.62% using buyer-adjusted property taxes. With its 2016 construction, substantial bedroom count, separately metered utilities, and established income stream, this is an opportunity to acquire a newer multifamily asset in Los Angeles. Buyer to verify all property details, financial information, and applicable rental regulations.
Location
State CA
County Los Angeles
Zoning Builder
Direction From I-110, exit at Slauson Avenue and head west. Turn right onto S Figueroa Street, then left onto W 50th Place. Property is lo
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5018017023
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Collin Corsmeier, DRE#02011047 Balboa Real Estate, Inc
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