Property Detail

Description

Incredible duplex with bonus space in the heart of Los Angeles! Built in 1913 and updated in 2009 with modernized plumbing and electrical, this property blends classic charm with investment strength. Best Buyers for This Property: Investors seeking stable income. Owner-users who want to live in one unit while offsetting the mortgage with rental income. Value-add buyers or developers looking to maximize cash flow with the bonus unit or ADU potential. Each unit is a well-designed 1-bedroom, 1-bath (approx. 675 Sq Ft each), separately metered for gas and electricity. Unit 1 currently rents for $1,400/month and Unit 2 for $1,450/month, providing steady cash flow from day one. Both units enjoy bright interiors and functional layouts. Adding tremendous upside, there’s an unpermitted bonus unit of approx. 600 sq. ft. featuring 1 bedroom and 1 bath—perfect for creative use, additional rental income, or future ADU potential (buyer to verify with city). Key features: Roof is approx. 15 years old with lots of life left. Annual insurance is appx $1,500. Water approx. $175/month. Lot size approx. 5,227 sq. ft. (per public record). Duplex plus bonus space = rare versatility in this neighborhood. Located near Vermont Square, this property sits close to major transit, schools, shopping, and Downtown LA. A prime opportunity to secure an affordable, cash-flowing asset in one of LA’s high-demand rental markets.