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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,199,900

Est. payment - /mo

6 Beds

5 Baths

3,186 SqFt

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Sat Aug 02, 1:00pm - 3:00pm

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,186 sqft

Price per Sqft $376

MLS Listing ID TR25149021

Bedrooms 6

Full Baths 5

HOA Y/N No

Year Built 1988

Lot Size 6,473 Sqft

Property Sub-Type Duplex

Property Description

Motivated seller – bring all offers. Now offered at $1,199,900 ! Outstanding Value in Lincoln Heights!
Generating an estimated $102,000 annual rental income with a projected 7%+ Net CAP Rate, this is a rare high cash-flow opportunity with modern upgrades and excellent rental upside.

Why settle for one when you can own two? For the price of a single home in Highland Park or Mt. Washington, own two fully remodeled, detached homes on one lot ,each with separate addresses, private entrances, separate meters, and outdoor spaces , -delivered 100% vacant and ready for immediate occupancy or rental.

Ideal for both investors and owner-occupants, this versatile Lincoln Heights duplex offers projected gross rental income of approximately $8,800/month (rear unit: $4,600, front unit: $4,200), delivering strong cash flow in a centrally located neighborhood.

The front home (2BR + den / 2BA, approx. 1,206 sqft, built in 1895) features a flexible bonus room that could serve as a third bedroom or office, plus a private-entry bedroom ideal for a potential studio suite.

The rear home (3BR / 2.75BA, approx. 1,980 sqft, built in 1988) boasts high ceilings, an open layout, granite kitchen, spacious living areas, and a primary suite with en-suite bath. A 2-car attached garage adds convenience and value. Located near DTLA, Keck USC, Highland Park, and Silver Lake.

Showings available now. Don't miss this well-positioned, high cash-flow property in a rapidly growing neighborhood

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Zoning LAR2

Rooms

Main Level Bedrooms 6

Interior

Interior Features Jack and Jill Bath, Walk-In Closet(s)

Cooling Ductless, Zoned

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban

Utilities Available Sewer Not Available

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard, Garden

Dwelling Type Duplex

Story 2

Entry Level One,Two

Sewer Public Sewer, None

Water Public

Level or Stories One, Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5206019040

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by Ricky Lee Ricky&Jessie Realty 6265679899

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507 E Avenue 28 Los Angeles, CA 90031