Property Description

5575 Cerritos Avenue is a duplex located just above Bixby Knolls perfect for an owner user or investor. The building is situated on a 4,242 square foot lot. The sub ject property is composed of (1) 2 bedroom and 2 bath house (built 1934) and (1) 2 bedroom and 1 bath unit (built 1965). The front house is approximately 1,200 square feet and the detached back unit is approximately 600 square feet. There are (3) single car garages with alley access below the back unit. The front house includes a large den that can be converted into a bedroom. Also included is new laminate flooring throughout and carpet in each bedroom. The back unit includes new hardwood flooring and carpet in each bedroom. Gas and electric are individually metered paid by the tenants and the owner pays for water and trash. There is a washer and dryer located in one of the garages that are used by the tenants. There is a value-add opportunity to build an ADU and increase rental income. Leases are month to month and are due for a rent increase as soon as new buyer takes ownership.