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Mayra Berumen

mayra.berumen@engelvoelkers.com +1(310) 760-6674

$ 915,000

Est. payment -/mo

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Pending

1571 E 118th Los Angeles, CA 90059

6 Beds

3 Baths

1,954 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,954 sqft

Price per Sqft $468

MLS Listing ID IV25233881

Bedrooms 6

Full Baths 3

HOA Y/N No

Year Built 1937

Property Sub-Type Duplex

Property Description

Welcome to 1571 E 118th St, Los Angeles, CA 90059 — a cash-flowing investment property located in the heart of South Los Angeles. This well-maintained multi-unit property generates an impressive $8,000/month in rental income, making it ideal for investors seeking strong returns from day one. The property features two spacious units, both occupied with long-term tenants, and a 3-car garage that has been converted into a 1 bed / 1 bath studio (un-permitted). The studio offers additional rental potential or the opportunity to explore ADU legalization for even greater upside. Set on a large 6,859 sq. ft. lot, this property offers ample parking and flexible use options. All units are separately metered, providing cost efficiency and control.

Located near major freeways, shopping, and public transportation, this property is perfectly positioned within a high-demand rental corridor of Los Angeles. Investors will appreciate the steady rental market, consistent appreciation, and future upside this property provides.

Don't miss this opportunity to secure a high-yield, cash-flowing asset with built-in upside in one of L.A.'s most promising‌‌‌‌‌‌‌‌‌‌‌‌ submarkets.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Rooms

Main Level Bedrooms 6

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dryer, Washer

Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Outside, See Remarks

Exterior

Pool None

Community Features Park, Street Lights, Sidewalks

Utilities Available Sewer Not Available

View Y/N No

View None

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Duplex

Story 1

Entry Level One

Sewer None

Water Public

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 6149010021

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA 203(b), FHA, Fannie Mae

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA 203(b), FHA, Fannie Mae

Special Listing Condition Standard

Listed by KEVIN CALDERON ROA CALIFORNIA INC. 909-231-9750

Mayra Berumen

Advisor | License ID: 01931731

+1(310) 760-6674

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