4,578 Sqft Lot
4,578 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24194100
HOA Y/N No
Year Built 1890
Lot Size 4,578 Sqft
Property Description
The property consists of two units, each with distinct characteristics that cater to different living arrangements or investment strategies, for the front unit features three bedrooms and one bathroom. It is designed to accommodate larger families or groups looking for more space. This unit will be delivered vacant at the close of escrow, providing immediate flexibility for new owners, Section 8 pays for a 3 Bed $3,915, on title front unit shows like a 2 Bed/1 Bath, the second unit comprises two bedrooms and one bathroom, tenant pays $1,300 - section 8 Pays $3,052, It offers a cozy living environment suitable for smaller families or individuals seeking a comfortable home near USC and downtown Los Angeles. Both units are titled separately, allowing for various ownership possibilities such as live-in arrangements or rental opportunities.
While both unit requires some exterior work, it presents an excellent opportunity for buyers to enhance its curb appeal and overall value. The current tenants have resided in the rear unit for over 20 years and have demonstrated kindness by maintaining the interior of their home. Their long-term presence indicates stability within the property, which can be appealing to prospective buyers who value tenant reliability, the exterior work needed can be viewed as an opportunity for improvement rather than a drawback; it allows new owners to customize the property according to their vision while potentially increasing its market value. Professional photos coming soon.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD2
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Street Lights, Suburban, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5127009007
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA 203(k), FHA, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA 203(k), FHA, VA Loan
Special Listing Condition Standard
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