Description

This is a terrific opportunity to own an attractive and well-maintained fully occupied duplex that has historically been utilized and rented as a tri-plex. This non-rent controlled investment has room to increase the rents and is a value-add opportunity. Located in the desirable central South Bay area near the surrounding Manhattan and Redondo Beach communities with inviting shopping/dining destinations and quick access to the 405 freeway. The front 2 bedroom 1 bath has an attached 2 car garage and fenced front yard, the rear, built in 1960 is a 2-bed/1 bath and 1-bed/1 bath are comprised of 1,176 square feet (per city permits). The total assessor square footage is 1,782. The residents share a coin-operated laundry service located in the front garage. The front 2 bedroom home has a newer roof. The front tenant pays their own utilities and the ownership pays the utilities for the back 2 and 1 bedroom units. The back unit(s), if desired, could be converted back into a 3 bedroom 2 bath home. The solid demand for quality rental housing, continued economic growth in the South Bay and the high cost of home ownership all support strong fundamentals for this investment opportunity.

Address

  • City Lawndale
  • State/county CA
  • Country United States

Details

Updated on January 21, 2019 at 5:23 pm
  • Price: $705,000
  • Property Size: 1,782 Sq Ft
  • Land Area: 5,175 Sq Ft
  • Garage Size: 2
  • Year Built: 1950
  • Property Type: Multifamily
  • Property Status: Sold

Overview

  • Multifamily
  • Property Type
  • 1,782
  • Sq Ft
  • 1950
  • Year Built

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