Bought with Blanca Reyes
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1140 S Ditman AVE Los Angeles, CA 90023
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Key Details
Sold Price $570,000
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,433 sqft
Price per Sqft $397
MLS Listing ID CRNDP2500032
Bedrooms 5
Full Baths 2
Year Built 1922
Lot Size 5,431 Sqft
Property Sub-Type Single Family Home
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 opportu
Location
State CA
County Los Angeles
Area 675 - East Los Angeles/City Of Commerce
Zoning LCR4YY
Interior
Cooling Window / Wall Unit
Fireplaces Type None
Laundry Gas Hookup
Exterior
Pool None
View None
Building
Story One Story
Others
Special Listing Condition Not Applicable
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