$571,500
$550,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
512 S La Verne AVE Los Angeles, CA 90022
8,002 Sqft Lot
Key Details
Sold Price $571,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV24160867
Sold Date 09/20/24
Originating Board California Regional MLS
Year Built 1949
Lot Size 8,002 Sqft
Property Description
Ideal for investors looking to generate rental income, this duplex offers a prime opportunity in the heart of Los Angeles. The front unit is already providing automatic income with long-time tenants in place, while the back unit is empty for new owner occupancy. This property sits on a huge lot, featuring a long driveway and separate 1 and 2 car garages, providing ample parking and storage space. With plenty of room for growth, there are endless possibilities for expansion or development. Located within a 3-mile radius, you'll find plenty of amenities including downtown Los Angeles, dining options, and schools such as James A. Garfield High School. The area also boasts convenient public transportation options, making commuting a easy. Enjoy the vibrant neighborhood with parks and recreational areas nearby, perfect for families and outdoor enthusiasts. While the home does need some repairs, its potential for significant return on investment makes it a compelling choice.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating No Heating
Laundry Gas Hookup, Other
Exterior
Parking Features Detached Garage
Garage Spaces 3.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 5248020005
Special Listing Condition Not Applicable
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Bought with Albert Pasillas