1140 S Ditman Avenue, Los Angeles, CA 90023

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Glen Henderson

[email protected] +1(619) 889-7646

$550,000

Est. payment - /mo

5 Beds

2 Baths

1,433 SqFt

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UPDATED:

01/08/2025 08:23 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,433 sqft

Price per Sqft $383

MLS Listing ID NDP2500032

Style Detached

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1922

Lot Size 5,431 Sqft

Acres 0.1247

Type of Financing Cash,Conventional,Cash To New Loan

Property Description

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.
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.

Location

State CA

County Los Angeles

Area Los Angeles (90023)

Zoning LCR4YY

Interior

Cooling Wall/Window

Air Conditioning Wall/Window

Building

Story 1

Lot Size Range 4000-7499 SF

Sewer Public Sewer

Level or Stories 1 Story

Others

Monthly Total Fees $93

Miscellaneous Suburban

Acceptable Financing Cash, Conventional, Cash To New Loan

Listing Terms Cash, Conventional, Cash To New Loan

Special Listing Condition Standard

CFD/Mello-Roos Fee $1, 120

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Listed by Todd Swanson • Swanson Real Estate

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1140 S Ditman Avenue Los Angeles, CA 90023

Glen Henderson

Key Details

Location

Interior

Building

Others

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