Duplex not selling in Los Angeles
Hello All,
I have a duplex that I put on the market in Los Angeles 30 days ago and it has been really slow for showings and no offers. One of the units is vacant and updated which I thought would make for a good owner occupier opportunity, as that is how I used the duplex before moving across the country. The rented unit is bringing in $1750 which is just a little below market rate and the tenants are very stable and have been in the property for 5 years. I thought I would put it here to get some input from the community as to what I could be doing better in order to get it sold or if the market is just a little difficult right now for multifamilies in LA. Thank you!