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Peter Lorimer

peter@plgestatesinc.com +1(310) 666-7383

$ 1,150,000

Est. payment | -/mo

4 Beds

4 Baths

2,496 SqFt

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$ 1,150,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,496 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,496 sqft

Price per Sqft $460

MLS Listing ID 26648307

Bedrooms 4

HOA Y/N No

Year Built 2006

Lot Size 3,824 Sqft

Property Description

Fully Permitted Duplex 100% Occupied, Prime Central Location. This fully permitted two-unit apartment building offers an excellent investment opportunity with a strong 7.5% cap rate and immediate cash flow from day one. The property consists of: First Floor: 4 bedrooms / 2 bathrooms (currently owner-occupied), Second Floor: 4 bedrooms / 2 bathrooms (fully rented to four tenants). The upstairs unit features a shared kitchen and laundry area. One bedroom includes a private bathroom and shower, while the second bathroom is shared by the remaining three tenants. Parking space is available for up to four vehicles. Ideally located in the heart of Los Angeles, just minutes from LA Live, Crypto.com Arena (formerly Staples Center), the Financial District, Koreatown, Echo Park, and Filipinotown. The property offers excellent freeway access and proximity to major employment, dining, and entertainment hubs. Within distance to Starbucks, McDonald's, Panda Express, Bank of America ATM, and Good Samaritan Hospital.A short drive to 7th & Fig, Gold's Gym, Target, Zara, Nordstrom Rack, Ralphs, and LA Live.Also near cultural landmarks including Walt Disney Concert Hall, Dorothy Chandler Pavilion, The Broad Museum, LA Opera, Whole Foods Market, and FIDM.This is a rare opportunity to acquire a centrally located, income-producing property in a high-demand rental market.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate

Fireplaces Type Electric, Gas

Fireplace Yes

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Driveway

Community Features Gated

View Y/N No

View None

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5142024007

Security Features Carbon Monoxide Detector(s),Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Henry Han HBAR #01444239

Nearby Locations

Making real estate fast, fun, and stress-free!

+1(310) 666-7383

peter@plgestatesinc.com

1531 Cambria ST Los Angeles, CA 90017

Peter Lorimer

Key Details

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Interior

Exterior

Building

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1531 Cambria ST