For Sale: Duplex near downtown LA 3/2+2/1 637K - Cash Flow +

3 Replies

Price $638,000
Location south state st, Los Angeles, CA, 90033
Property Details

Unit: 1

  • Current Rent: $2,600
  • Occupied: Yes
  • Bedrooms: 3
  • Bathrooms: 2.0
  • Square Footage: 1000

Unit: 2

  • Current Rent: $1,400
  • Occupied: Yes
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Square Footage: 650

Lot Size: 6000

Hello!

House Specs:

3/2 + 2/1, 1680 sqft duplex on 6K sft lot completely redone in 2015 for $637K. Victorian house with charm and a nice low maintenance garden. On Boyle Ave and 4th street (a few houses away). Location is really convenient, next to a park, 5min walk to metro station/Mariachi Plaza, 10min by car from the arts district / The At Mateo mall /Little Tokyo and even 20min away from Santa Monica on early weekend mornings ( I did it!). The area is constantly being improved. 

Roof, plumbing, the whole duplex was gutted and redone in 2015, tankless water heaters, central AC on the first unit. covered 2 car garage plus 2 cars carport plus 2 cars on the front gated yard as well. 

I'm selling my duplex and would need to rent it myself for a year while I build another house.

I live in the front house 3/2 with my wife and a tenant. My Wife's parents live in the back unit. We would rent both units for $4K/month but after we're gone you could easily get $3K/month for the 3/2 and $1700 for the 2/1. That's a great cash flow!

I don't have an agent so we would save on that. I'm fine with 1031 exchange. Anyone interested?

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