Description
No rent control! excellent investment opportunity — best current rate of return in the area!
this rare, legal duplex includes a fully permitted adu, offering a unique opportunity for investors to achieve above-average returns or for owner-occupants to live in one unit while the other two help pay the mortgage.
the detached duplex units (944 and 946) were built in 1998, and the adu was constructed in 2023. two of the units are currently tenant-occupied. each duplex unit features 3 bedrooms and 2 bathrooms. the adu offers 3 bedrooms and 1 bathroom and is currently vacant. the adu was rented for $3,500 per month until march 2025. the adu, built in 2023, has its own postal address and is in good condition. unit 946 is also in good condition, while unit 944 could benefit from some cosmetic improvements.
covered parking is available beneath the adu. each unit has its own laundry hookups, as well as separate gas and electric meters.
this property is conveniently located near downtown la, usc, l.a. live, museums, crypto.com arena, the convention center, lax, sofi stadium, and the youtube theater.
total current rental income is $5,800 per month, with a scheduled increase in june 2026.
don't miss this exceptional opportunity to secure a property with a strong rate of return! 8% rate of return based on full occupancy.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49653539
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Interior Features: Bedroom on Main Level
- Property Appliances: Gas Oven
- Fireplace: None
Cooling Features
- None
- Air Conditioning
Heating Source
- Central
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1998
- Building Area Total: 2,825
Pool Features
- None
Laundry Features
- Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1286
- Lot Size Source: Assessor
- Lot Size Square Feet: 5600
-
Listing Information
Listing Price Information
- Original List Price: 1,300,000
- Listing Contract Date: 2025-05-07
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 6020005008
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned,Carport
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C36 - Metropolitan Southwest
- Postal Code Plus 4: 5115
- Directions: Between S Vermont Ave & W 74th St Cross Streets: Hoover St
- Zoning: LARD2
- Source Property Type: Residential Income
- Area: C36 - Metropolitan Southwest
- Property SubType: Duplex
Building and Construction
- Property Age: 27
- Common Walls: No Common Walls
- Structure Type: Duplex
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: Ground Level With Steps
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 05/13/2025 @ 11:16
- MLS: PW25102233
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 9 bedrooms which is for sale, it has 2,825 sqft, 5,600 sized lot, and 0 parking. are nearby neighborhoods.