Additional details
Listed by Venus Martinez • Redfin Corporation
$699,000
Est. payment /mo
7 Beds
5 Baths
2,660 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,660 sqft
Price per Sqft $262
MLS Listing ID CRSB25105855
Style Contemporary
Bedrooms 7
Full Baths 5
Originating Board California Regional MLS
Year Built 2006
Lot Size 3,251 Sqft
Property Sub-Type Single Family Home
Property Description
Discover an exceptional investment opportunity in Watts, Los Angeles. This property features a spacious six-bedroom, four-bathroom main home, currently utilized as a non-conforming duplex, alongside a newly constructed, legally permitted Accessory Dwelling Unit (ADU) providing flexible rental options. The property is in good condition, with minimal deferred maintenance required. The main home offers significant rental income potential, while the ADU is delivered vacant and in pristine condition, ready for immediate occupancy. Situated near the 105 and 110 freeways, with convenient access to local amenities, including the Watts Towers Arts Center, Ted Watkins Memorial Park, and various shopping and dining options. The property is approximately 15 minutes from Los Angeles International Airport (LAX). This property is ideal for investors seeking a high cash-flow asset with the potential for value appreciation. Current rents are below market value, presenting an immediate opportunity to increase cash flow. Additionally, it offers possibilities for owner-occupiers looking to reside in one unit while generating rental income from the others.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR1
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Laundry In Garage
Exterior
Pool 31, None
View None
Building
Water District - Public
Architectural Style Contemporary
Others
Tax ID 6066005060
Special Listing Condition Not Applicable
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