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.