Phone888.995.7575

160 West 59th Street, Los Angeles, CA 90003

$439,000 Approx. USD 0 beds, 0 baths
2,700 sqft

Agent Remarks

***LOWEST PRICE PER SQUARE FOOT DUPLEX IN THE AREA*** 2 legal Units, with a BONUS 3RD UNIT, on a Palm Tree Lined Street! PERFECT FOR FHA-203K, or Conventional Financing. Front House is a 4 Bedroom Original Craftsman Home, with tons of Charm, and boasting Over 1,760sf. With a little TLC, this unit will shine! All original Wood floors, and Beamed Ceilings round out the Living and Dining Areas. Stone Wall Fireplace, Original Wood Framed Windows and Doors, keep the Integrity in tact, and Built Ins and Pillars are just the Cherry on top! This house can be Restored to its original Glory, very easily... Long Driveway for Parking. Rear Structure is a 2 car garage with Barn style doors. Upstairs Houses a 2 Bedroom 1 bath Rental Unit, and Bonus 3rd Unit Downstairs, intended for storage, but is a functional Studio with small Kitchen and Bath.. This property has the potential for a 9%Cap rate if Rents are Increased and 3rd unit rent is collected. Rents are not currently at Max Potential, and Expenses are extremely low. Rear 2 bedroom unit Collects $1,280/Month in rental income, and Bonus unit can Potentially collect $700/month. Live in the front house, and collect nearly $2K/month in rent to supplement your mortgage, and Restore this Beautiful Craftsman!

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# WS16720398
List price is $439,000 Reduced by $19,999 on 11/17/2016
Beds: 0
Baths: 0
Built in 1912
2,700 sqft
0.13 acres
Lot size: 5795.000
County: Los Angeles
Zoning: LAR2
MLS area: C37 - Metropolitan South

Last Updated: 11/17/2016

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This listing belongs to the C37 - Metropolitan South MLS area

The listing is zoned LAR2.
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Broker: Courtesy of REH REAL ESTATE
Listing Agent: ROBERT SILVA

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