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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$1,135,000

Est. payment - /mo

4 Beds

2 Baths

1,400 SqFt

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Open House

Sun Oct 19, 1:00pm - 4:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $810

MLS Listing ID 25594805

Bedrooms 4

HOA Y/N No

Year Built 1940

Lot Size 5,667 Sqft

Property Description

Looking for a smart investment in one of Los Angeles' fastest growing neighborhoods like Highland Park, Mt. Washington, Echo Park, Glassell Park, Eagle Rock, El Sereno, the Arts District, or Elysian Park? Location is everything, and while homes can always be remodeled at any time, land is everything, and this duplex is positioned right in the heart of NOLA's creative energy and ongoing growth close to the 5, 101, 110, 710, 2 and 10 freeways. At $1.2M you are essentially buying each unit for $600,000, a rare opportunity in today's market. With interest rates trending downward, ownership pencils out to about $6,100 per month for principal and interest on a 30 year loan at 5.5% allowing you to live in one unit and rent the other or rent both and enjoy a solid 5% cap rate while building equity and taking advantage of tax benefits. This recently remodeled and completely vacant duplex sits on a chic 5,666 square foot corner lot just minutes from York and Figueroa, with approximately 1,400 square feet of living space that includes two bedrooms and one bath in each unit. Thoughtful updates include laminate wood floors, split systems for heat and air conditioning, private fenced yards, separate entrances, dedicated laundry for each home, and one unit even captures sweeping views of the Downtown Los Angeles skyline. Designer kitchens, modern baths, and bright open floor plans make both residences feel fresh and turnkey, while lush landscaping, custom fencing, and gated parking create privacy and convenience. Set just ten minutes from Elysian Park, Dodger Stadium, Griffith Park, Downtown LA, the Arts District, Chinatown, Japantown, Atwater Village, Silver Lake, and Echo Park, this property offers easy access to the city's best dining, culture, and lifestyle. Currently both units are available for rent.

Location

State CA

County Los Angeles

Area 680 - Mount Washington

Zoning LARD2

Rooms

Other Rooms Shed(s)

Interior

Heating Combination, Central, Forced Air

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Laundry In Carport

Exterior

Parking Features Concrete, Driveway, Guest, Gated

Total Parking Spaces 4

Building

Story 1

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5446003016

Special Listing Condition Standard

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Listed by Eddie Arnez Keller Williams Studio City

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

3501 N Figueroa ST Los Angeles, CA 90065

John Herkenrath

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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3501 N Figueroa ST