$1,235,000 Price Analysis   ♡   Los Angeles, CA 90004 5 bed 4 bath 1,722 SqFt ($717/SqFt) 7,503SqFt lot. Built 1915 Listed 2024-06-21 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
SELLER HIGHLY MOTIVATED!
This duplex in the highly sought after Virgil Village area is a tremendous opportunity for an owner/user or investor who is looking for a great return and huge potential. Both units are renovated and will be delivered vacant. One unit is a 3 bed/2 bath and the other unit is a 2 bed/2 bath. Recently remodeled, both units have central air and heating, engineered hardwood floors and individual laundry machines and dryers. Owner-owned solar panels for energy efficient use. Perfect for owner/user to live in one unit and rent out the other.
Plenty of prking with a detached carport for 6+ cars and additional room outside for more. Large lot with opportunity to expand. There is room for two additional detached ADUs per code. Also, the property is commercially zoned for even greater use. Buyer to verify any potential expansion plans. There is the possibility of an assumable FHA loan at 3.25%. Contact listing agent for details. Close to all the shops and restaurants at the Sunset Junction, Virgil Village, Silver Lake, Echo Park, Historic Filipinotown and DTLA. Easy access to the 101 freeway and B Line. This duplex property with expansion possibilities presents the perfect investment opportunity for the right buyer.
Presented by Will Tiao at
The Collective Realty.
Property MLS #24-404953 from TheMLSCLAW
Bedroom 1 Features: WalkInCloset
Full Bathrooms: 4
Bathroom 1 Features: Low Flow Toilet(s), Remodeled, Shower Over Tub, Shower and Tub, Tile
Drywall Walls
Recessed Lighting
Turnkey
Flooring: Engineered Hardwood
Laundry Facilities: Laundry Area, Room
Laundry Features: Laundry Area, Room
Remodeled
Kitchen Features: Stone Counters, Remodeled
Heating Features: Central
Covered Spaces: 4
Garage Description: Carport Detached
Parking Total: 6
Patio Features: Porch - Front
Lot Size Acres: 0.1722452
Lot Size Source: Assessor
Lot Size Square Feet: 7503
Other Equipment: Washer, Dryer, Refrigerator, Freezer, Range/Oven, Garbage Disposal, Solar Panels, Hood Fan, Ice Maker, Dishwasher, Water Line to Refrigerator
Security Features: Automatic Gate, Gated
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3800, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 3200
Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.8
Directions: From 101 freeway, W on Silver Lake Blvd, N on Virgil Ave, E on Commonwealth
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Owner Pays: Gardener, Water
Parcel Number: 5501-003-011
Postal Code Plus 4: 3607
Property Location: City
Zoning: LAMR1
Source System Name: C2C
$1,235,000
TheMLSCLAW
Year Built: 1915
Building Exterior Type: Stucco
Common Walls: Attached
Direction Faces: East
Entry Location: Ground Level w/steps
Foundation Details: Raised
Levels: One Level
Living Area Source: Assessor
Property Age: 109
Property Condition: Updated/Remodeled
Roof: Composition, Shingle
Levels or Stories: 1
Building Total Stories: 1
House Style: Bungalow
Year Built Source: Assessor
Architectural Style: Bungalow
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.