Los Angeles, CA 90022,512 S La Verne AVE
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Los Angeles, CA 90022,512 S La Verne AVE
Los Angeles, CA 90022,512 S La Verne AVE
Los Angeles, CA 90022,512 S La Verne AVE

$571,500

Est. payment /mo

$550,000

3.9%
Est.Price: ?

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512 S La Verne AVE Los Angeles, CA 90022

8,001 Sqft Lot

SOLD DATE : 09/20/2024

Key Details

Sold Price $571,500

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24160867

Sold Date 09/20/24

HOA Y/N No

Year Built 1949

Lot Size 8,001 Sqft

Property Description

Ideal for investors looking to generate rental income, this duplex offers a prime opportunity in the heart of Los Angeles. The front unit is already providing automatic income with long-time tenants in place, while the back unit is empty for new owner occupancy.

This property sits on a huge lot, featuring a long driveway and separate 1 and 2 car garages, providing ample parking and storage space. With plenty of room for growth, there are endless possibilities for expansion or development.

Located within a 3-mile radius, you'll find plenty of amenities including downtown Los Angeles, dining options, and schools such as James A. Garfield High School. The area also boasts convenient public transportation options, making commuting a easy. Enjoy the vibrant neighborhood with parks and recreational areas nearby, perfect for families and outdoor enthusiasts.

While the home does need some repairs, its potential for significant return on investment makes it a compelling choice.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LCR2YY

Interior

Heating None

Fireplace No

Laundry Gas Dryer Hookup, Inside

Exterior

Parking Features Detached Carport

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights, Suburban

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5248020005

Acceptable Financing Cash

Listing Terms Cash

Financing Private

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Albert Pasillas • VYLLA HOME • 626-426-6227
Bought with Albert Pasillas • VYLLA HOME

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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