Discover an outstanding investment opportunity in the heart of East Los Angeles featuring two single-family homes nestled on one expansive lot. This multi-family property presents an immediate rental income stream with a currently tenant-occupied back house, while the vacant front residence is ready for your personal touch or rental strategy. With a combined total of five bedrooms and two bathrooms across both homes, this property offers versatile living arrangements and strong rental potential. The front house presents an ideal canvas for value-add improvements, allowing investors to maximize returns through strategic renovations. Located next to the 5 freeway, residents enjoy convenient access to daily essentials and local attractions. Students benefit from proximity to Esteban E. Torres High School, and commuters appreciate the accessibility to public transportation, including nearby bus stations and the Cal State LA Station. This dual-residence property represents an excellent opportunity for investors seeking to expand their portfolio or homeowners looking to offset their mortgage with rental income. The combination of existing cash flow from the back house and the potential to add value through renovations to the front residence makes this an attractive investment opportunity. Don’t miss this chance to own a property with multiple income streams and significant upside potential.
Property Details
Price:
$550,000
MLS #:
NDP2500032
Status:
Pending
Beds:
5
Baths:
2
Address:
1140 S Ditman Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
675eastlosangelescityofcommerce
City:
Los Angeles
Listed Date:
Sep 12, 2024
State:
CA
Finished Sq Ft:
1,433
ZIP:
90023
Lot Size:
5,431 sqft / 0.12 acres (approx)
Year Built:
1922
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Schools
School District:
Los Angeles Unified
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Exterior
Community Features
Suburban
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
View
None
Financial
Association Fee
0.00
Map
Community
- Address1140 S Ditman Avenue Los Angeles CA
- Area675 – East Los Angeles/City Of Commerce
- CityLos Angeles
- CountyLos Angeles
- Zip Code90023
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1140 S Ditman Avenue
Los Angeles, CA
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