8620 S Main Street
Los Angeles, CA, 90003
$850,000
Beds
0 Baths
SqFt
0.06 Acres
Add
Rare duplex opportunity, with one vacant unit, substantial rental income, and no rent control.* The bottom unit will be delivered vacant, which is rare. Vacating a unit in LA can be nearly impossible, due to rent control laws and just-cause evictions. The potential monthly rent for the bottom unit is about $3,600. The upstairs unit will be delivered tenant-occupied with an approximate rent of $3,361. Total potential monthly rent for both units: $6,961. Rent exceeds mortgage payment by almost $2K, with 25% down.* The Gross Rent Multiplier is 10.2, significantly lower than the area average of about 16 (lower means more money). Both units have in-unit washer & dryer hookups and parking for two cars each. The bottom unit (in pictures) was partially remodeled, with brand-new floors, vanities, paint, lighting, and more. The top unit’s finishes remain standard, not remodeled. Maintenance is low due to limited common area, good unit separation, newer construction, and newer building codes with safer materials. There are separate electrical and gas meters. Each unit has two parking spots, tandem. Duplex next door, 8624 Main St. "may" also be available for sale (off-market). Same owner as subject property. Buy both for a complete fourplex. *Prospective buyers are advised to verify all information, including financing terms and the non-rent control (RSO) status of the property. The property is sold as-is. Some photos are virtually staged.

Property Details

Price:
$850,000
MLS #:
25515771
Status:
Active
Baths:
0
Address:
8620 S Main Street
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Apr 4, 2025
State:
CA
ZIP:
90003
Lot Size:
2,751 sqft / 0.06 acres (approx)
Year Built:
2004
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Appliances
Range
Cooling
None
Heating
Wall Furnace

Exterior

Foundation Details
Slab
Garage Spaces
0.00
Parking Features
Driveway
Parking Spots
4.00
Pool Features
None
Roof
Composition, Shingle
Security Features
Gated Community
Sewer
Other
Spa Features
None
Stories Total
2
View
None

Financial

Tenant Pays
Gas, Trash Collection, Electricity

Map

Community

Similar Listings Nearby

8620 S Main Street
Los Angeles, CA