Description
Rare duplex property located within Country Club Park, minutes from Hancock Park, Koreatown, and Mid-Wilshire/Miracle Mile. The home was renovated in 2003 and a Certificate of Occupancy for use as a duplex was issued in 2004. Both units consist of 4 bed / 3 bath with a separate detached 4-car garage structure. Current tenants are long term tenants and are on month-to-month leases which will allow the Buyer with many options as rents are well below market rates. With tasteful renovations a 25-30% rental increase is a good possibility. Single family residence prices have skyrocketed so a Buyer may have the excellent option to live in one unit while renovating the other unit for a premium rental price to help offset their loan, or if an all cash Buyer, to help create a welcome additional stream of income. R3 Zoning allows for home occupational uses which adds to the flexibility of this property.
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8BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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3,968SQFT
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$403$/SQFT
School Ratings & Info
Description
Rare duplex property located within Country Club Park, minutes from Hancock Park, Koreatown, and Mid-Wilshire/Miracle Mile. The home was renovated in 2003 and a Certificate of Occupancy for use as a duplex was issued in 2004. Both units consist of 4 bed / 3 bath with a separate detached 4-car garage structure. Current tenants are long term tenants and are on month-to-month leases which will allow the Buyer with many options as rents are well below market rates. With tasteful renovations a 25-30% rental increase is a good possibility. Single family residence prices have skyrocketed so a Buyer may have the excellent option to live in one unit while renovating the other unit for a premium rental price to help offset their loan, or if an all cash Buyer, to help create a welcome additional stream of income. R3 Zoning allows for home occupational uses which adds to the flexibility of this property.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. 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.