Description
Investor or owner-user duplex built in 2004 with two 3-bedroom units, separate utilities, and upside in rental income. Nearly identical upper and lower units, each with 3 bedrooms, 1 bath, and in-unit stack laundry space. Separate gas and electric meters and new individual water heaters for each unit.— UNIT FEATURES: Upper unit includes updated kitchen cabinets, sink, and counters, along with newer vinyl flooring in the hallways and bedrooms. Lower unit has a side exit and an additional closet.— INCOME POTENTIAL: Market rents for similar units may be higher; buyer to independently verify all rental estimates and operating assumptions.— LOT buyer to investigate feasibility with the City. Rear yard access is through a security gate off a one-way alley.— REGULATORY CONTEXT: Property built in 2004. Newer construction relative to many area properties and may offer advantages regarding rent control regulations, and potential for expansion of living space compared to older properties. Buyer to investigate and verify applicability of all Los Angeles City laws, regulations, and tenant protection requirements to their own satisfaction.— LOCATION u0026 DEMAND: Convenient access to the 105 and 110 freeways, Metro rail and transit corridors, and major employment centers throughout Los Angeles supports consistent rental demand. Located near SoFi Stadium, Intuit Dome, USC, BMO Stadium, Crypto.com Arena, LAX, and Downtown Los Angeles, providing access to major job centers, entertainment venues, and transportation hubs.— VALUE ADD: Upgrades would improve overall condition and may enhance value and rental potential.
