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$1,025,000
Est. payment /mo
10 Beds
6 Baths
3,724 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,724 sqft
Price per Sqft $275
MLS Listing ID 26872889
Bedrooms 10
HOA Y/N No
Year Built 2017
Lot Size 6,438 Sqft
Property Description
GET SMART WITH REAL ESTATE and discover a Los Angeles duplex in the Florence neighborhood with multiple paths to ownership, rental income and long-term value! FIRST-TIME HOME BUYERS, FHA BUYERS, OWNER-OCCUPANTS, HOUSE HACKERS AND INVESTORS should take a closer look at this 2-unit opportunity. For a qualified first-time home buyer or owner-occupant, the duplex configuration may provide an opportunity to live in one unit and rent the second unit to help offset monthly housing expenses, subject to lender, appraisal, occupancy and property-condition requirements. For investors, 159-161 W. 79th St. offers a multifamily, income-property and value-add opportunity with flexibility to renovate, reposition and establish a rental strategy that fits the buyer's goals once lawful possession is available. Prior scheduled rents were approximately $4,196.62 per unit, representing approximately $8,393 per month / $100,719 annually when both units are rented. These figures represent scheduled rental amounts and are not representations of current collections. Buyer to independently verify achievable rents and all income information. Whether you're a first-time buyer looking to house hack, an owner-occupant seeking additional rental income, or an investor looking for a buy-and-hold or value-add multifamily property, the two-unit configuration creates multiple potential strategies. Located in the Florence neighborhood, the property offers convenient access to major streets, the 110 Freeway, public transportation, neighborhood shopping, schools and everyday services. Its central Los Angeles location also provides connectivity to USC, Exposition Park, Downtown Los Angeles and employment centers throughout the city. Property may be purchased individually or as part of the seller's 4-property Los Angeles investment portfolio. Property sold AS-IS. Buyer and buyer's agent to independently verify financing eligibility, rents, permits, zoning, unit configuration, square footage, condition and all property information. Smart buyers don't just buy property they recognize possibilities. GET SMART WITH REAL ESTATE. Call Don Adams at 323-492-6756 for property information, showing instructions and offer details.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Central
Fireplace No
Exterior
Parking Features Driveway
View Y/N No
View None
Total Parking Spaces 3
Building
Entry Level Two
Architectural Style Contemporary
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6031019025
Special Listing Condition Standard
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Listed by Donny Adams Keller Williams Hollywood Hills #02178733
Nearby School & Business
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Edan Amar Team Account
Broker Associate License ID: 01856096
Broker Associate License ID: 01856096