8624 S Main Street, Los Angeles, CA 90003
- $875,000
- 6
- BD
- 4
- BA
- 2,340
- SqFt
- List Price
- $875,000
- Status
- ACTIVE
- MLS#
- 26838969
- Year Built
- 2004
- Bedrooms
- 6
- Bathrooms
- 4
- Living Sq. Ft
- 2,340
- Lot Size
- 2,751
- Acres
- 0.06
- Lot Location
- Back Yard
- Days on Market
- 63
- Property Type
- Multifamily
- Style
- Contemporary
- Stories
- Two Levels
Property Description
Rare Duplex Opportunity with Both Units Delivered Vacant. This is a unique chance to choose your own tenants at market rent or move in with extended family. The property features substantial rental income potential and no rent control. Both units will be delivered vacant, which is incredibly rare in Los Angeles due to local rent control laws and just cause evictions. Potential rental income is $7,500 per month at $3,750 per unit. The estimated rent exceeds the mortgage payment by almost $2,000, with 25% down. Boasting an exceptional Gross Rent Multiplier of just 9.7, which is well below the area average of about 16, this deal offers incredible value. Both units are newly remodeled with fresh paint, laminate wood flooring, quartz countertops, and dedicated in-unit washer-and-dryer hookups. Parking is easy with four spaces total, featuring two tandem spots per unit. Enjoy low maintenance overhead thanks to excellent unit separation, limited common areas, separate gas and electric meters, and newer construction built to modern building codes. Prospective buyers are advised to verify all information, including financing terms and the property's non-rent-control RSO status. The property is sold as is. Some photos are virtually staged.
Additional Information
- Appliances
- Gas Cooktop
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- City Lights
- Exterior Construction
- Stucco
- Patio
- Concrete, Porch
- Roof
- Composition, Shingle
- Sewer
- Other
- Interior Features
- Open Floorplan
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Joel Daniel Rangel (DANIEL@THEARTISTOFREALESTATE.COM) from Listing Office: Coldwell Banker Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.