3006 8th Ave Los Angeles, CA 90018
My friends and family know that I love investment properties and I have a weakness for two houses on a lot. Swoon! It's the best kind of duplex - one that allows you privacy from your tenants yet help with your mortgage. Score!
This yard has so much potential. Imagine a sleek horizontal fence, some geometric patio stones and lush, drought tolerant plants. Throw in some patio lights and you have yourself a very relaxing getaway to retire to after work.
Located close to LA's famous Harold & Belle's creole restaurant, this quiet neighborhood has seen revitalization and renewal. It's located a couple blocks from the school that Chili and I volunteered at in his therapy dog work, so I know it well! I've even rescued a couple dogs from the neighborhood. The last couple years have brought many new changes and I love seeing the neighbors reinvigorated to take pride in their homes.
New copper plumbing, new electrical and a new garage door add to the value. There is alley access to the rear garage and parking pad, providing plenty of private parking for these two units. A spacious 5,801 square foot lot gives you lots of opportunity for creative outdoor living. Each unit is 2 bedrooms and 1 bathroom, with about 680-ish square feet per unit. Priced at a reasonable $535,000. Two for the price of one!
If you chose an easy 5% down payment (of around $27,000), your payment including taxes and insurance (and PMI) could be around $3200. With the other unit's income, this lowers to around $2000 a month to enjoy your own property while having your tenant build your equity. The central location is superb - you can be in Downtown in 15 minutes, in Hollywood in 20 minutes and in Culver City in 15 minutes (map). Fun local shops like Delicious Pizza, Daily Organics, and Honey Bee's House of Breakfast are just minutes away. Reignite your love of live music and speakeasy-type bars at the Living Room on Crenshaw. Take a sunday stroll to the Peace Awareness Labyrinth & Gardens on Adams.
Interested? I'd love to show you this property. Contact me!
Courtesy of Jesus T Salvador, R&R Realty.