Property Detail

Description

Looking for a smart investment in one of Los Angeles' fastest growing neighborhoods such as Highland Park, Mt. Washington, Echo Park, Glassell Park, El Sereno, the Arts District, or Elysian Park? Location is everything, and while homes can always be remodeled at any time, land is everything, and this duplex is positioned right in the heart of NOLA's creative energy and ongoing growth close to the 5, 101, 110, 710, 2 and 10 freeways. At $1.2M you are essentially buying each unit for $600,000, a rare opportunity in today's market. With interest rates trending downward, ownership pencils out to about $6,100 per month for principal and interest on a 30 year loan at 5.5% allowing you to live in one unit and rent the other or rent both and enjoy a solid 5% cap rate while building equity and taking advantage of tax benefits. This recently remodeled and completely vacant duplex sits on a chic 5,666 square foot corner lot just minutes from York and Figueroa, with approximately 1,400 square feet of living space that includes two bedrooms and one bath in each unit. Thoughtful updates include laminate wood floors, split systems for heat and air conditioning, private fenced yards, separate entrances, dedicated laundry for each home, and one unit even captures sweeping views of the Downtown Los Angeles skyline. Designer kitchens, modern baths, and bright open floor plans make both residences feel fresh and turnkey, while lush landscaping, custom fencing, and gated parking create privacy and convenience. Set just ten minutes from Elysian Park, Dodger Stadium, Griffith Park, Downtown LA, the Arts District, Chinatown, Japantown, Atwater Village, Silver Lake, and Echo Park, this property offers easy access to the city's best dining, culture, and lifestyle. Both units are available for rent, and showings are open this Sunday from 2 to 5 pm.