Leimert Park Duplex
Pride-of-ownership Spanish style duplex on a peaceful, tree lined street minutes from USC, West Adams, Culver & more! Renovated in 2019 and boasts a current 4.45% cap rate & 6.35% pro forma cap! 1 unit coming vacant in June- a dream owner occupier setup!
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Highlights:
$999,000
4.45% (current)
6.35% (pro forma)
15.31 (current)
11.56 (pro forma)
2,453 sqft
1x 3b/2b + den
1x 3b/1b
Heavily remodeled
Ideal for owner occupiers
Major upside
High cap rate
2018 roof
Large corner lot
Unmatched curb appeal
Private yards
Tree lined residential street
Minutes from USC
Reinforced foundation
In a "neighborhood of the year"
4 parking spaces
Stunning hardscape/landscape
Click to View Photos
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The Neighborhood
< 5-Minute Drive
South LA Cafe, Starbucks, Highly Likely Café, CAFE5, Earle's On Crenshaw
Chipotle Mexican Grill, Village Cafe & Pizza, Albertsons, Hot and Cool Cafe, Cinemark Baldwin Hills, Park to Playa Trailhead, Harold & Belle's,
Tumby’s Pizza
< 15-Minute Drive
The University of Southern California, Exposition Park, University Park, Kenneth Hahn State Recreation Area, Whole FoodsMarket, Target, Planet Fitness, Koreatown Plaza,
Pasta Sisters, Chick-fil-A, The Lab Gastropub, Amazon Fresh
< $15 Uber Ride
Crypto.com Arena, Los Angeles Convention Center, Microsoft Theater, JW Marriott Los Angeles L.A. LIVE, Arts District DTLA, Chinatown, Dodgers Stadium, Koreatown, The Wiltern, Regent Theater, The Moroccan Lounge, Clifton's Republic, Resident
Submit your offers now!
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Incredibly low price tag of only $999,000! Unbeatable price per foot of $407.26, verse the recent comps average of $536.74!
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The property was given a trendy remodel in 2018/2019 and features countless upgrades including a new roof (2018), new paint, new landscaping/hardscaping, a new upstairs kitchen & bathroom, a new downstairs bathroom, privatized yards/patios, and more!
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The curb appeal here is unmatched by any property in the whole area. Total stand out!
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The renovated unit will be delivered vacant in June. Ideal opportunity to owner occupy, lock in a residential interest rate, and enjoy upscale accomodations while having tenants pay your mortgage.
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4.45% current cap rate, plus significant upside in rents. UNHEARD OF pro forma cap rate of 6.35%!
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Value add opportunity!
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Extremely low maintenance, well-maintained property.
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Features reinforced foundation with anchor bolts and cripple wall & various plumbing & electrical updates.
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Boasts quiet tenants that pay rent!
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Located in Leimert Park, 2016’s “Neighborhood of the Year” on Curbed LA.
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Ultra-appealing corner lot.
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Major rentability!
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Large windows everywhere you look, making each room extremely light and bright.
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Dream 1031 exchange opportunity!
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Ideal location minutes from Downtown LA, Mid-City, Culver City, and West Adams!