Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2016
Sq.Footage
N/A
Newer Construction Duplex built by Ocean Development in 2016. Updated in March 2025. Each unit includes approximately 1,750 square feet with 5 bedrooms and 3 full baths. Unit 343 receives $5,026 monthly rental income. Unit 341 receives $4,000 monthly rental income. Thoughtfully designed with one unit in front and the second unit in back - No one above or below either unit. Design features include central heating systems, dual pane vinyl frame windows, solid wood cabinets, and granite counter tops. Private interior laundry room in on the second level of each unit. Property includes a 3 car garage. We feel this is the best investment property opportunity in the area combining modern construction, quality of construction, location, superior features, and superior rental income. This property returns an estimated 6.2% Cap Rate based on Actual annual gross rental income of $108,312, with estimated Net annual rental income of 77,812. Estimated 11.6xGRM.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
Yes
-
Garage spaces
3
-
Construction Materials
Stucco
-
Parking
Driveway, Garage, Paved
-
Pool
Yes
-
Pool Features
None
-
View
None
Area & Lot
-
Lot Features
Landscaped, Level, Rectangular Lot
-
Lot Size(acres)
0.1302
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$1,250,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
6
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Cary Hairabedian , RE/MAX College Park Realty
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