Turnkey 2022 Duplex | $8,000 Monthly Income &' Growth Potential
Built in 2022 by Ocean Development, this high-performing duplex offers a rare chance to own a modern, low-maintenance asset with immediate cash flow. Fully leased at $8,000/month with room for future rent increases, each unit features 5 bedrooms, 3 bathrooms, and approximately 1,850 sq ft of thoughtfully designed living space.
Interiors are finished with solid wood cabinetry, dual-pane windows, central heating, and private in-unit laundry rooms. Separate gas, electric, and water meters ensure tenants pay their own utilities, while owned solar systems reduce expenses and boost your bottom line.
The front unit includes a one-car garage, while the rear unit enjoys a spacious two-car garage, plus additional off-street parking—ensuring convenience for tenants. Located in a high-demand rental market and free from rent control restrictions, this property offers both strong current performance and long-term upside.
Professionally managed and turnkey, it’s ideal for investors seeking reliable cash flow, appreciation potential, and a hands-off asset in a growing area.
Built in 2022 by Ocean Development, this high-performing duplex offers a rare chance to own a modern, low-maintenance asset with immediate cash flow. Fully leased at $8,000/month with room for future rent increases, each unit features 5 bedrooms, 3 bathrooms, and approximately 1,850 sq ft of thoughtfully designed living space.
Interiors are finished with solid wood cabinetry, dual-pane windows, central heating, and private in-unit laundry rooms. Separate gas, electric, and water meters ensure tenants pay their own utilities, while owned solar systems reduce expenses and boost your bottom line.
The front unit includes a one-car garage, while the rear unit enjoys a spacious two-car garage, plus additional off-street parking—ensuring convenience for tenants. Located in a high-demand rental market and free from rent control restrictions, this property offers both strong current performance and long-term upside.
Professionally managed and turnkey, it’s ideal for investors seeking reliable cash flow, appreciation potential, and a hands-off asset in a growing area.
Property Details
Price:
$1,275,000
MLS #:
OC25094518
Status:
Active
Baths:
0
Address:
1566 E 106th Street
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Apr 14, 2025
State:
CA
ZIP:
90002
Lot Size:
5,199 sqft / 0.12 acres (approx)
Year Built:
2022
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Schools
Interior
Appliances
Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Carpet, Tile
Heating
Central
Exterior
Community Features
Curbs
Electric
Photovoltaics Seller Owned
Fencing
Wood, Wrought Iron
Foundation Details
Slab
Garage Spaces
3.00
Lot Features
2-5 Units/ Acre, Lot 10000-19999 Sqft
Parking Spots
8.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address1566 E 106th Street Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90002
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1566 E 106th Street
Los Angeles, CA
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