159 W 79th Street,Los Angeles, CA 90003
Los Angeles, CA 90003
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.
Details
| MLS # | 26872889 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2017 |
| Days On Site | 42 |
| Listing Provided By | Keller Williams Hollywood Hills | Donny Adams |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 3,724 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | LAR2 |
| Acreage | 0.15 |
| Property View | None |
Interior
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $1,025,000 low | high Med: $695,000 sqft: 3,724 low | high Med: 2,532 $ / sqft: $275 low | high Med: $274 On site: 42 low | high Med: 40 | |
Market Activity 90003
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $1,025,000 low | high Med: $695,000 sqft: 3,724 low | high Med: 2,532 $ / sqft: $275 low | high Med: $274 On site: 42 low | high Med: 40 | |
