1221 W 59th Street, Los Angeles, CA 90044
Duplex · 2 recorded sales since 2017
Sold December 2017
Listing Agent: Cajetan Alufuo (DRE #01492027) · Listing Office: Zenith Homes & Mortgage · Contact: 562-331-0345 · Bought with: Cajetan Alufuo · Zenith Homes & Mortgage · MLS #PW17175798 · Source: CRMLS
About this duplex
THIS IS A TWO UNIT BUILDING WITH STABLE TENANT. THIS IS FOR FHA BUYERS OUT THERE. OWN A DUPLEX AND CONTRIBUTE BELOW MARKET RENT FOR 2 BEDS- I BATH UNIT TOWARDS YOUR MORTGAGE. THERE IS A GAME ROOM AT THE BACK- WAS BUILT WITH PERMIT- IT HAS NO STOVE. CURRENTLY RENTING FOR $450. FRONT UNIT TENANT PAYS $1500. THERE IS UPSIDE POTENTIAL FOR RENT INCREASE @ 3% ANNUALLY. SUBJECT PROPERTY IS LOCATED IN RENT CONTROLLED JURISDICTION. NEIGHBORHOOD IS AN UPCOMING AREA IN REALLY NEED OF ACCOMMODATION FOR HARDWORKING FAMILIES BECAUSE OF IT'S PROXIMITY TO LOS ANGELES DOWNTOWN, STAPLE CENTER, FREEWAYS & USC. THIS IS GOOD FOR OWNER OCCUPIED OR AN INVESTOR WITH STEADY CASH FLOW- APPROXIMATELY 7% RATE OF RETURN- VERY DIFFICULT TO FIND IN SOUTHERN CALIFORNIA REAL ESTATE MARKET. BOTH UNITS ARE COMPLETELY REMODELED WITH TOP OF THE LINE FINISHING. QUARTZ COUNTER TOPS, TANK- LESS WATER HEATER, STELLAR BATHROOM, & HARDWOOD FLOORING IN ALL BEDROOMS & LIVING ROOM. ALL WINDOWS ARE DOUBLE PANE VINYL. NEW FLAT ROOF NEW STOVE AND MICRO WAVE IN PLACE. BROKER & BROKER'S AGENT DO NOT GUARANTEE THE LIVING FOOTAGE AND THE LOT SIZES, PERMITS & UN-PERMITTED ADDITIONS & CONDITION OF THE SUBJECT PROPERTY SO EVER. BUYER & BUYER'S AGENT ARE ADVISED TO INDEPENDENTLY VERIFIED ALL INFORMATION PERTAINING THE SUBJECT PROPERTY THROUGH PERSONAL INVESTIGATION AND USE OF LICENSED PROFESSIONALS & RELY ON OWN FINDINGS.
Listing description from the December 2017 sale, as reported to CRMLS.
Sale history
