804 806 E 76TH PLACE, LOS ANGELES CA 90001
- 3,715 sq.ft.
- 5,099 sq.ft. lot
Property Description
Newer Construction Duplex built by Ocean Development in 2022. Fully occupied units with attractive rental income - and additional upside with rent increase. Currently leased at $7,500 Monthly Rental Income. Area rents averaging over $8,000 per month for similar duplexes. Separate electric, gas, and water meters - tenants pay their own utilities. Thoughtfully Designed with one unit in front, and the second unit in back - No one above or below. Each unit includes 5 Bedrooms and 3 Baths - approximately 1,857 square feet for each unit. Design Features include Central Heating Systems, Dual Pane Windows, Solid Wood Cabinets and Granite Counters in Kitchen, Interior Laundry Room in Each Unit. Solar electric systems installed. Property includes a 3 Car Garage. Estimated 5.3 Cap Rate with significant upside in rental income. We feel this is the best investment property opportunity in the area combining newness and quality of construction, location, superior features of units (solar and separate water meters), and price.
Listing Courtesy of Cary Hairabedian, RE/MAX College Park Realty
Interior Features
Exterior Features
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