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NO RENT CONTROL! Excellent Investment Opportunity — Best Current Rate of Return in the Area!This rare, legal duplex includes a fully permitted ADU, offering a unique opportunity for investors to achieve above-average returns or for owner-occupants to live in one unit while the other two help pay the mortgage.The detached duplex units (944 and 946) were built in 1998, and the ADU was constructed in 2023. Two of the units are currently tenant-occupied. Each duplex unit features 3 bedrooms and 2 bathrooms. The ADU offers 3 bedrooms and 1 bathroom and is currently vacant. The ADU was rented for $3,500 per month until March 2025. The ADU, built in 2023, has its own postal address and is in good condition. Unit 946 is also in good condition, while Unit 944 could benefit from some cosmetic improvements.Covered parking is available beneath the ADU. Each unit has its own laundry hookups, as well as separate gas and electric meters.This property is conveniently located near Downtown LA, USC, L.A. Live, museums, Crypto.com Arena, the convention center, LAX, SoFi Stadium, and the YouTube Theater.Total current rental income is $5,800 per month, with a scheduled increase in June 2026.Don't miss this exceptional opportunity to secure a property with a strong rate of return! 8% rate of return based on full occupancy.
Property Type(s):
Residential Income
| Last Updated | 5/7/2025 | Year Built | 1998 |
|---|---|---|---|
| Community | Metropolitan Southwest | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven |
| AREA | Metropolitan Southwest |
| GARAGE | Assigned, Carport |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level |
| LOT | 5600 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Assigned,Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Electricity Connected,Natural Gas Available,See Remarks |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LARD2 |
Location
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Listed with Elmira Sonboli, Broker
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