Newer Construction Duplex built by Ocean Development in 2022. Fully occupied units with attractive rental income – and additional upside with rent increase. Currently leased at $7,500 Monthly Rental Income. Area rents averaging over $8,000 per month for similar duplexes. Separate electric, gas, and water meters – tenants pay their own utilities. Thoughtfully Designed with one unit in front, and the second unit in back – No one above or below. Each unit includes 5 Bedrooms and 3 Baths – approximately 1,857 square feet for each unit. Design Features include Central Heating Systems, Dual Pane Windows, Solid Wood Cabinets and Granite Counters in Kitchen, Interior Laundry Room in Each Unit. Solar electric systems installed. Property includes a 3 Car Garage. Estimated 5.3 Cap Rate with significant upside in rental income. We feel this is the best investment property opportunity in the area combining newness and quality of construction, location, superior features of units (solar and separate water meters), and price.
Property Details
Price:
$1,229,900
MLS #:
PW24174456
Status:
Active
Baths:
0
Address:
804 E 76th Place
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Aug 22, 2024
State:
CA
ZIP:
90001
Lot Size:
5,099 sqft / 0.12 acres (approx)
Year Built:
2022
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Schools
Interior
Appliances
Free- Standing Range, Gas Range, Water Heater
Cooling
None
Flooring
Carpet
Heating
Central
Laundry Features
Gas & Electric Dryer Hookup, In Closet, Inside, Upper Level, Washer Hookup
Exterior
Community Features
Curbs
Construction Materials
Stucco
Parking Features
Garage
Parking Spots
3.00
Roof
Composition
Financial
Map
Community
- Address804 E 76th Place Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90001
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804 E 76th Place
Los Angeles, CA
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