Description
Attention investors! this is your ideal opportunity for a 1031 exchange or to expand your growing portfolio with this beautifully remodeled duplex in the highly sought-after morningside park neighborhood. only a stones throw from the vibrant inglewood industry home to sofi stadium, intuit dome, youtube theater, kia forum, the new hollywood park featuring retail shops, cinepolis luxury cinemas, casino, public parks, and a beautiful lake! plus, you're only minutes from lax. with these attractions so close, high tenant demand is guaranteed! but not too worry because this property is already a well oiled machine with both units fully occupied by reliable tenants paying market rents! it's ready to be the easiest addition to your portfolio. completely restored over the last four years, it features new windows, copper plumbing, updated electrical, new hvac system, new roof, drainage and new stamped concrete hardscape. each unit is approximately 1,500sf+ and includes two spacious beds, 1.5 baths, and a flexible 3rd room ideal for an office, den, or gym! the living rooms offer large picture windows overlooking a tree-lined street, a fireplace and new flooring. both the baths and kitchens boast designer tiles while the light filled kitchens are outfitted with luxury samsung appliance set including dishwasher, refrigerator and range. plus, a convenient side-by-side washer/dryer setup off each kitchen. additionally there is a two year old gazebo and storage shed in the back. located on a beautiful tree-lined street with majestic chinese elms just off the coveted circle park, where residents enjoy scenic walks and outdoor workouts, this neighborhood and property's charm are hard to beat. the top unit is rented at $3000/month with 3 year term. *no dedicated parking but gas is included.* the downstairs unit has a long term tenant on a 3 year lease at $3,500/mo. this unit includes off street driveway parking. *tenant pays gas and electric.* combined, the units generate $78,000/year in gross revenue. plus there is more! a bonus unit in back delivered fully vacant! stunning 1bed, 1 bath unit with ac. features include new flooring, new cabinetry, luxury appliances and a small island in the kitchen and a private outdoor patio. it has been rented for the last year at $2,200/month but has the ability to garner even more income, offering even more cash flow potential!
Property Type
Residential IncomeCounty
Los AngelesStyle
SpanishAD ID
47134372
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 5
Bathroom Information
- Total Baths: 5
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Central,Wall Furnace
- Has Heating
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Exterior Features
Building Information
- Year Built: 1936
- Building Area Total: 3,062
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1262
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 5498
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Listing Information
Listing Price Information
- Original List Price: 1,400,000
- Listing Contract Date: 2024-10-08
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 4010031018
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Driveway
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 101 - North Inglewood
- Postal Code Plus 4: 1527
- Directions: Google Address | N. of Manchester W. of Van Ness
- Zoning: INR2YY
- Source Property Type: Residential Income
- Area: 101 - North Inglewood
Building and Construction
- Property Age: 88
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 3062
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 11/24/2024 @ 04:08
- MLS: 24447961
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 5 bedrooms which is for sale, it has 3,062 sqft, 5,498 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Inglewood , in zip code 90305, this Los Angeles County Home , it is in the ARIA - Inglewood Subdivision, are nearby neighborhoods.