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$695,000

860 W 73rd St.

LA, California, 90044, United States

About the Property

Live in one and rent the other! This well-maintained duplex plus non-conforming studio generates 4,250 per month (51,000 annually) with both units currently leasedmaking it ideal for investors, 1031 exchange buyers, or owner-occupants looking to house hack.The front unit features a 2-bedroom, 1-bath layout renting for 1,650/month. The rear unit, built in 2019, offers 3 bedrooms and 2 bathrooms with modern finishes and is rented for 2,600/month. A non-conforming studio provides additional upside income potential (buyer to verify), with estimated rent of approximately 1,200/month, bringing potential gross income to 65,400 per year.Investment highlights include an approximate GRM of 14.5, cap rate around 5.4%, and a price per square foot of 342, well below the neighborhood average of approximately 325/SF. Property features include separate electric meters, parking for up to 5 vehicles, and a 5,600 SF lot.Centrally located just minutes from the 110 Freeway, Downtown Los Angeles, SoFi Stadium, and major transit routes, this property benefits from strong rental demand and long-term growth potential.Do not miss this rare opportunity to acquire a cash-flowing property with upside in a prime South LA location. Buyer to verify all information and income potential.

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Property Type
Residential
LACalifornia
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Features

LA, California, 90044, United States
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Agent info
CENTURY 21
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