$510,000
$500,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
7,540 Sqft Lot
SOLD DATE : 07/09/2025
Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC25101014
Sold Date 07/09/25
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1954
Lot Size 7,540 Sqft
Property Sub-Type Duplex
Property Description
Excellent investment opportunity! This duplex generates a strong gross income of $51,708/year and offers two spacious units, each featuring 2 bedrooms, 1 full bathroom, and approximately 800 sq.ft. of living space. The front unit was updated with new vinyl plank flooring in 2021 and has been occupied by the same tenant for 4 years, while the back unit houses a long-term tenant. Both tenants are Section 8, ensuring on-time rent payments and stable income. The property also includes a 2-car garage, offering ADU potential or the opportunity for a garage conversion to increase rental income. Located in a high-demand rental area, this duplex offers consistent cash flow, strong tenant stability, and long-term upside. Perfect for any investor looking to secure a solid income-producing asset with built-in value-add options.
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning LRR2*
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Parking Features Driveway, Garage Faces Side
Garage Spaces 2.0
Garage Description 2.0
Fence Average Condition, Chain Link, Wood
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Available, Sewer Connected, Water Available
View Y/N No
View None
Roof Type Tar/Gravel
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Faces South
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories One
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 3120031016
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan
Financing FHA
Special Listing Condition Standard
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