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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

Two units in South LA, producing incredible rents. Built in 1927, this duplex contains 1,338 square feet and sits on a large 6,398 square foot lot. The front house is a three bedroom unit and the rear unit has 1 bedroom. The zoning for this property is LAR2, which means it may be possible to build three units. Please check with the City of LA to verify. There is a garage and small rear yard which may be suitable for an ADU. The current monthly income is $4,120 and both tenants are Section 8 tenants. The property is being sold "as is" with tenants in place. Neither unit will be delivered vacant at the close of escrow. Please make all offers subject to inspection. Please do not walk on property or disturb tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/117789648
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114 W 117Th Street Los Angeles (City), CA 90061

  • Price: $650,000
  • Status: Active
  • Updated: 28 min ago
  • ID#: 21742112
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1927
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Two units in South LA, producing incredible rents. Built in 1927, this duplex contains 1,338 square feet and sits on a large 6,398 square foot lot. The front house is a three bedroom unit and the rear unit has 1 bedroom. The zoning for this property is LAR2, which means it may be possible to build three units. Please check with the City of LA to verify. There is a garage and small rear yard which may be suitable for an ADU. The current monthly income is $4,120 and both tenants are Section 8 tenants. The property is being sold "as is" with tenants in place. Neither unit will be delivered vacant at the close of escrow. Please make all offers subject to inspection. Please do not walk on property or disturb tenants.
Exterior Features

Architectural Style Spanish Parking Features Garage Parking Total 1 View None View YN No

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Buyer Financing CashConventional Disclosures Rent Control Garage YN Yes Gross Income 49440 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 35597 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar2

Listing provided courtesy of Jerome Mcalpin of Mcalpin & Company


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505