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$ 1,025,000
Est. payment /mo
Active
12103 Burgess AVE Whittier, CA 90604
0.4 Acres Lot
UPDATED:
12/05/2024 05:31 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24229029
HOA Y/N No
Year Built 1962
Lot Size 0.404 Acres
Property Description
This is an outstanding investment opportunity in a prime location! Situated on a massive 17,000+ sqft lot, this property features two detached units, each offering a 2-bedroom, 1-bathroom layout that is perfect for long-term rental income.
Both units are in excellent condition with recent updates, including modern laminated flooring, updated kitchens, and bathrooms. Currently, each unit generates a solid monthly income of $2,200, providing a reliable cash flow for investors. The units are spacious, well-maintained, and move-in ready, making them attractive to quality tenants. The property boasts a long, expansive driveway that can comfortably accommodate more than 7 vehicles, which is a rare feature in this area. This ensures ample parking space for tenants or guests and adds to the property's value. Additionally, the lot includes 3 storage units located at the rear of the property. These units are currently being used as living spaces by tenants but will be vacant and restored to their original storage-use status prior to the close of escrow. These storage units provide further potential for rental income down the road, either as additional storage or possibly even converted into more rental units (subject to zoning and permits). The expansive lot provides ample room for future development, expansion, or creative use, offering endless possibilities for the discerning investor. Whether you're looking for steady rental income from the two units or potential future growth from the large lot and storage units, this property represents a fantastic opportunity with substantial upside. Don't miss out on this rare find!
Both units are in excellent condition with recent updates, including modern laminated flooring, updated kitchens, and bathrooms. Currently, each unit generates a solid monthly income of $2,200, providing a reliable cash flow for investors. The units are spacious, well-maintained, and move-in ready, making them attractive to quality tenants. The property boasts a long, expansive driveway that can comfortably accommodate more than 7 vehicles, which is a rare feature in this area. This ensures ample parking space for tenants or guests and adds to the property's value. Additionally, the lot includes 3 storage units located at the rear of the property. These units are currently being used as living spaces by tenants but will be vacant and restored to their original storage-use status prior to the close of escrow. These storage units provide further potential for rental income down the road, either as additional storage or possibly even converted into more rental units (subject to zoning and permits). The expansive lot provides ample room for future development, expansion, or creative use, offering endless possibilities for the discerning investor. Whether you're looking for steady rental income from the two units or potential future growth from the large lot and storage units, this property represents a fantastic opportunity with substantial upside. Don't miss out on this rare find!
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning LCA1*
Interior
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Driveway
Pool None
Community Features Street Lights, Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8031030021
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Special Listing Condition Standard
Listed by Angel&Pat Hernandez • Synergy Real Estate • 562-696-6515