8624 S Main St, Los Angeles, CA 90003
8624 S Main St, Los Angeles, CA 90003
8624 S Main St, Los Angeles, CA 90003
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$875,000
Est. payment /mo
6 Beds
4 Baths
2,340 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,340 sqft

Price per Sqft $373

MLS Listing ID 26838969

Style Contemporary

Bedrooms 6

Construction Status Updated/Remodeled

Year Built 2004

Lot Size 2,751 Sqft

Acres 0.0631

Property Sub-Type Multi-Family

Property Description

Rare Duplex Opportunity with Both Units Delivered Vacant. This is a unique chance to choose your own tenants at market rent or move in with extended family. The property features substantial rental income potential and no rent control. Both units will be delivered vacant, which is incredibly rare in Los Angeles due to local rent control laws and just cause evictions. Potential rental income is $7,500 per month at $3,750 per unit. The estimated rent exceeds the mortgage payment by almost $2,000, with 25% down. Boasting an exceptional Gross Rent Multiplier of just 9.7, which is well below the area average of about 16, this deal offers incredible value. Both units are newly remodeled with fresh paint, laminate wood flooring, quartz countertops, and dedicated in-unit washer-and-dryer hookups. Parking is easy with four spaces total, featuring two tandem spots per unit. Enjoy low maintenance overhead thanks to excellent unit separation, limited common areas, separate gas and electric meters, and newer construction built to modern building codes. Prospective buyers are advised to verify all information, including financing terms and the property's non-rent-control RSO status. The property is sold as is. Some photos are virtually staged.

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LAC2

Rooms

Other Rooms None

Kitchen Counter Top, Quartz Counters

Interior

Interior Features Other, Open Floor Plan, Drywall Walls

Heating Wall

Cooling None

Flooring Laminate, Carpet, Wood Laminate

Fireplaces Type None

Equipment Range/Oven

Laundry Laundry Area, In Unit, Inside

Exterior

Parking Features Driveway, Tandem, Side By Side

Garage Spaces 4.0

Pool None

Waterfront Description None

View Y/N Yes

View City Lights

Roof Type Composition, Shingle

Building

Lot Description Alley Paved, Back Yard, Curbs, Fenced, Fenced Yard, Street Paved, Street Lighting

Foundation Raised

Sewer In Street

Water Public

Architectural Style Contemporary

Level or Stories Two

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Coldwell Banker Realty

NEARBY SCHOOL & BUSINESS

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Name

Phone*

Phone

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Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

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