Listing by: Todd Swanson, Swanson Real Estate, todd@swansonlending.com

5 Beds

2 Baths

1,433SqFt

Pending

Discover an outstanding investment opportunity in the heart of East Los Angeles featuring two single-family homes nestled on one expansive lot. This multi-family property presents an immediate rental income stream with a currently tenant-occupied back house, while the vacant front residence is ready for your personal touch or rental strategy. With a combined total of five bedrooms and two bathrooms across both homes, this property offers versatile living arrangements and strong rental potential. The front house presents an ideal canvas for value-add improvements, allowing investors to maximize returns through strategic renovations. Located next to the 5 freeway, residents enjoy convenient access to daily essentials and local attractions. Students benefit from proximity to Esteban E. Torres High School, and commuters appreciate the accessibility to public transportation, including nearby bus stations and the Cal State LA Station. This dual-residence property represents an excellent opportunity for investors seeking to expand their portfolio or homeowners looking to offset their mortgage with rental income. The combination of existing cash flow from the back house and the potential to add value through renovations to the front residence makes this an attractive investment opportunity. Don't miss this chance to own a property with multiple income streams and significant upside potential.

Property Details
Price $550,000
Bedrooms 5
Full Baths 2
Total Baths 2
Lot Size Area 5431
Lot Size Area Units Square Feet
Acres 0.1247
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 1
Exterior Features Suburban
Year Built 1922
View None
Lot Description 2-5 Units/Acre
Laundry Features Gas Dryer Hookup
Pool features None
Parking Spaces 0
Garage spaces 0
Association Fee 0
Geographic Data
Directions Exit S Ditman Ave from 5 Freeway. Cross street S Ditman Ave and E Olympic Blvd
County Los Angeles
Latitude 34.019728
Longitude -118.188998
Market Area 675 - East Los Angeles/City Of Commerce
Address Information
Address 1140 S Ditman Avenue, Los Angeles, CA 90023
Postal Code 90023
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Swanson Real Estate
Listing Agent Todd Swanson
Listing Agent Phone todd@swansonlending.com
Attribution Contact todd@swansonlending.com
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Virtual Tour URL https://www.propertypanorama.com/instaview/crmls/NDP2500032
School Information
District Los Angeles Unified
MLS Information
Days on market 12
MLS Status Pending
Listing Date Jan 2, 2025
Listing Last Modified Jan 15, 2025
Tax ID 5242005002
MLS Area 675 - East Los Angeles/City Of Commerce
MLS # NDP2500032

This information is believed to be accurate, but without any warranty.
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