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$ 1,198,000
Est. payment | /mo
10 Beds
5,670 Sqft Lot
$ 1,198,000
Est. payment | /mo
10 Beds
5,670 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID PW25187105
Bedrooms 10
Lot Size 5,670 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Newer Construction Duplex built by Ocean Development in 2016. Updated in March 2025. Each unit includes 5 bedrooms and 3 baths in approximately 1,750 square feet of living space. Unit 343 receives $5,026 monthly rental income. Unit 341 receives $4,000 monthly rental income. This duplex is thoughtfully designed with one unit in front and the second unit in back - No one above or below either unit. Design features include central heating systems, dual pane vinyl frame windows, solid wood cabinets, and granite counter tops. Private interior laundry room in each unit conveniently on the second level. Property includes a 3 car garage. We feel this is the best investment property opportunity in the area combining modern construction, quality of construction, location, superior features, and superior rental income. This property returns an estimated 6% Cap Rate based on Actual gross rental annual income of $108,312, with estimated Net annual rental income of 77,812. Estimated 10.2xGRM.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Florence, West of Broadway
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6031003033
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange

Listed by Cary Hairabedian RE/MAX College Park Realty
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