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$ 779,000
Est. payment /mo
Price Dropped by $10K
860 W 73rd St. Los Angeles, CA 90044
5,601 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25270199
HOA Y/N No
Year Built 1921
Lot Size 5,601 Sqft
Property Sub-Type Duplex
Property Description
Excellent income-producing opportunity in the heart of South Los Angeles! This well-maintained duplex plus non-conforming studio generates $4,250 per month ($51,000 annually) with both units currently leased—making it ideal for investors, 1031 exchange buyers, or owner-occupants looking to house hack.
The front unit features a 2-bedroom, 1-bath layout renting for $1,650/month. The rear unit, built in 2019, offers 3 bedrooms and 2 bathrooms with modern finishes and is rented for $2,600/month. A non-conforming studio provides additional upside income potential (buyer to verify), with estimated rent of approximately $1,200/month, bringing potential gross income to $65,400 per year.
Investment highlights include an approximate GRM of 15.3, cap rate around 5%, and a price per square foot of $342, well below the neighborhood average of approximately $488/SF. Property features include separate electric meters, parking for up to 5 vehicles, and a 5,600 SF lot.
Centrally located just minutes from the 110 Freeway, Downtown Los Angeles, SoFi Stadium, and major transit routes, this property benefits from strong rental demand and long-term growth potential.
Do not miss this rare opportunity to acquire a cash-flowing property with upside in a prime South LA location. Buyer to verify all information and income potential.
The front unit features a 2-bedroom, 1-bath layout renting for $1,650/month. The rear unit, built in 2019, offers 3 bedrooms and 2 bathrooms with modern finishes and is rented for $2,600/month. A non-conforming studio provides additional upside income potential (buyer to verify), with estimated rent of approximately $1,200/month, bringing potential gross income to $65,400 per year.
Investment highlights include an approximate GRM of 15.3, cap rate around 5%, and a price per square foot of $342, well below the neighborhood average of approximately $488/SF. Property features include separate electric meters, parking for up to 5 vehicles, and a 5,600 SF lot.
Centrally located just minutes from the 110 Freeway, Downtown Los Angeles, SoFi Stadium, and major transit routes, this property benefits from strong rental demand and long-term growth potential.
Do not miss this rare opportunity to acquire a cash-flowing property with upside in a prime South LA location. Buyer to verify all information and income potential.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6020003001
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Luis Carlos Hernandez Century 21 A Better Service 562-572-4661