7613 WALNUT Drive, Los Angeles, CA 90001
Property · 2 recorded sales since 2022
Sold September 2022
Listing Agent: Shelby Ring (DRE #01949380) · Listing Office: Compass · Contact: 310-820-0195 · Bought with: Daniel Overton · KW Advisors · MLS #22155677 · Source: CRMLS
About this property
Attention Investors: Soaring rents in Los Angeles have made properties like this a cash goldmine. Here is your chance to set yourself up for that dream retirement by investing in this light and lucrative property which has been tastefully remodeled with high-design finishes and details throughout. You start to swoon as soon as you pull onto the tree-lined street in Walnut Park, knowing you're walking distance from schools, Plaza La Alameda, restaurants, transportation (Metro Blue Line), and in close proximity to the 110, 105 & 10 freeway. Also nearby is the Franklin D. Roosevelt Park and Florence Library. Just imagine how happy tenants will be waking up on the weekends and being able to stroll down to the Huntington Park Farmer's Market! There are also convenience and grocery stores within walking distance for those mid-week shopping trips. What makes this gorgeous duplex so special is that there are two separate houses on the property with a shared yard with an Avocado tree. In total, there is 1,347 square feet with 3 garage spots and additional parking available for 6-7 cars. However, the true beauty of this property is the fact that the back unit with two bedrooms, one bath, and a one-car garage, and that unit will be delivered with a paying tenant in place while the front unit is vacant. Wait until you walk through the front unit with custom walnut cabinetry, travertine countertops, new appliances, and a two-car garage because you're going to want to move in - which you could easily do if you're looking to eliminate your own housing payment! Yes, you could live in the front unit while the back tenant covers your mortgage or find a new tenant to move in that will pay the current market max value on rent. Units like this, with these kinds of upgrades, and in a location with so much to offer are very hard to come by in a regular market but especially in one like this which means you won't ever have problems keeping happy, paying tenants in either of these well-maintained units. Either way, this investment property is a no-brainer regardless of where you are in your real estate journey! Book your private tour today and come see for yourself how life-changing this property will be for you and your family.
Listing description from the September 2022 sale, as reported to CRMLS.
Sale history
