8620 S Main Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,340 sqft
Price per Sqft $363
MLS Listing ID CL25515771
Bedrooms 6
Year Built 2004
Lot Size 2,751 Sqft
Property Sub-Type OTHER
Property Description
Rare duplex opportunity, with one vacant unit, substantial rental income, and no rent control.* The bottom unit will be delivered vacant, which is rare. Vacating a unit in LA can be nearly impossible, due to rent control laws and just-cause evictions. The potential monthly rent for the bottom unit is about $3,600. The upstairs unit will be delivered tenant-occupied with an approximate rent of $3,361. Total potential monthly rent for both units: $6,961. Rent exceeds mortgage payment by almost $2K, with 25% down.* The Gross Rent Multiplier is 10.2, significantly lower than the area average of about 16 (lower means more money). Both units have in-unit washer & dryer hookups and parking for two cars each. The bottom unit (in pictures) was partially remodeled, with brand-new floors, vanities, paint, lighting, and more. The top unit's finishes remain standard, not remodeled. Maintenance is low due to limited common area, good unit separation, newer construction, and newer building codes with safer materials. There are separate electrical and gas meters. Each unit has two parking spots, tandem. Duplex next door, 8624 Main St. "may" also be available for sale (off-market). Same owner as subject property. Buy both for a complete fourplex. *Prospective buyers are advised to verify all info
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Laundry Dryer,Laundry Closet,Washer
Exterior
View Y/N false
View None
Building
New Construction No
Others
Virtual Tour https://www.zillow.com/view-imx/4193ca51-39cd-4a32-a243-229157b5353e?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard