Excellent Investment Opportunity Priced to Sell! Don't miss this rare chance to own a high-performing income property near the heart of Downtown Los Angeles. This legal duplex, currently operating with six rental units, delivers consistent cash flow and strong rental demand. Sitting on a generous 8,007 sq. ft. RD1.5-zoned lot, the property also offers attractive future development potential. Additional highlights include ample parking for up to 10 vehicles with convenient alley access. Located in a high-demand rental market, this is a prime opportunity for savvy investors seeking immediate income and long-term upside. Serious buyers-only property is priced to sell and won't last, current 7.16 Cap rate and 8.81 GRM!
|
DAYS ON MARKET
|
21
|
LAST UPDATED
|
3/26/2025
|
|
YEAR BUILT
|
1901
|
COMMUNITY
|
Downtown L.A.
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Mar 15, '25
|
$849,000
|
|
Mar 15, '25 - Mar 26, '25 |
$799,000
|
| Mar 26, '25 - Today |
$649,000 |
| AIR |
None |
| AREA |
Downtown L.A. |
| GARAGE |
Direct Access, Garage, Yes |
| HEAT |
None |
| LOT |
8007 sq ft |
| LOT DIMENSIONS |
50x159 |
| PARKING |
Direct Access,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
2 |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LARD1.5 |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/31/25 1:27 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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