NO RENT CONTROL! Excellent Investment Opportunity — Best Current Rate of Return in the Area!This rare, legal duplex includes a fully permitted ADU, offering a unique opportunity for investors to achieve above-average returns or for owner-occupants to live in one unit while the other two help pay the mortgage.The detached duplex units (944 and 946) were built in 1998, and the ADU was constructed in 2023. Two of the units are currently tenant-occupied. Each duplex unit features 3 bedrooms and 2 bathrooms. The ADU offers 3 bedrooms and 1 bathroom and is currently vacant. The ADU was rented for $3,500 per month until March 2025. The ADU, built in 2023, has its own postal address and is in good condition. Unit 946 is also in good condition, while Unit 944 could benefit from some cosmetic improvements.Covered parking is available beneath the ADU. Each unit has its own laundry hookups, as well as separate gas and electric meters.This property is conveniently located near Downtown LA, USC, L.A. Live, museums, Crypto.com Arena, the convention center, LAX, SoFi Stadium, and the YouTube Theater.Total current rental income is $5,800 per month, with a scheduled increase in June 2026.Don't miss this exceptional opportunity to secure a property with a strong rate of return! 8% rate of return based on full occupancy.
|
DAYS ON MARKET
|
5
|
LAST UPDATED
|
5/7/2025
|
|
YEAR BUILT
|
1998
|
COMMUNITY
|
Metropolitan Southwest
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Gas Oven |
| AREA |
Metropolitan Southwest |
| GARAGE |
Assigned, Carport |
| HEAT |
Central |
| HOA DUES |
0 |
| INTERIOR |
Bedroom on Main Level |
| LOT |
5600 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| PARKING |
Assigned,Carport |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| UTILITIES |
Electricity Connected,Natural Gas Available,See Remarks |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LARD2 |
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Listed with Elmira Sonboli, Broker
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 5/12/25 9:07 AM 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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