Rare Opportunity with Future Upside! This unique property features two beautifully finished homes on one lot, thoughtfully positioned on opposite sides of the property to maximize privacy and functionality. Both residences are fully operational and showcase quality workmanship, creating an ideal setup for multigenerational living, rental income, or owner-occupancy with… Read More supplemental income potential. As an added bonus, the seller has already consulted with an architect and obtained conceptual plans illustrating the potential placement of a third home on the property (buyers should verify all development possibilities with the appropriate agencies). Whether you’re looking for a turnkey investment, a family compound, or a property with future expansion potential, this offering combines immediate usability with exciting long-term possibilities. Cap rate reflects a stabilized, pro forma analysis based on market rents and reassessed property taxes, resulting in a 5.9% projected return. Read Less
Property listed by Re/Max Partners, Benjamin Rubalcava 310-259-7556
Listing Snapshot
Days Online
2
Last Updated
Property Type
Duplex
Lot Size
0.18 Acres
Year Built
1943
MLS Number
IG26133680
Additional Details
Appliances & Equipment
GasOven, Microwave
Building
Built in 1943, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Community
StreetLights
Cooling
None
Expenses
Insurance: $2,500, Maintenance: $3,030, Operating: $18,172, Other Expense: $1,212
Fence
Block
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $60,600, Gross ScheduledIncome: $60,600, Net Operating Income: $42,428
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Michael Harby
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
