1571 E 118th
Los Angeles, CA 90059
1954 sqft | 6 beds | 3 baths | 0.16 acres | #IV25233881
Description
Welcome to 1571 E 118th St, Los Angeles, CA 90059 — a cash-flowing investment property located in the heart of South Los Angeles. This well-maintained multi-unit property generates an impressive $8,000/month in rental income, making it ideal for investors seeking strong returns from day one. The property features two spacious units, both occupied with long-term tenants, and a 3-car garage that has been converted into a 1 bed / 1 bath studio (un-permitted). The studio offers additional rental potential or the opportunity to explore ADU legalization for even greater upside. Set on a large 6,859 sq. ft. lot, this property offers ample parking and flexible use options. All units are separately metered, providing cost efficiency and control.<br />Located near major freeways, shopping, and public transportation, this property is perfectly positioned within a high-demand rental corridor of Los Angeles. Investors will appreciate the steady rental market, consistent appreciation, and future upside this property provides.<br />Don’t miss this opportunity to secure a high-yield, cash-flowing asset with built-in upside in one of L.A.’s most promising​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​​​​​‌‌‌​​‌ submarkets.
Property Details
- InteriorAllBedroomsDown, BedroomOnMainLevel
- School DistrictLos Angeles Unified
- Lot DescriptionZeroToOneUnitAcre
- Utility FeaturesSewerNotAvailable
- CountyLos Angeles
- MLS #IV25233881
- MLS #IV25233881
- Property TypePurchase
- Original List Price$915,000
- Acres0.1575
- Utility SourcePublic
- Cost915000
- Property SubtypeDuplex
- Structure TypeDuplex
- Square Feet1954
- Year Built1937
- Bedrooms6
- Bathrooms3
- Full Baths3
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Provided By
Listing Agent: KEVIN CALDERONÂ (#IVCALDKEV)
Listing Office: ROA CALIFORNIA INC. (#IVROA)
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