Skip To Content

7613 Walnut Drive

Los Angeles (City), CA 90001
  • $690,000
  • STATUS: Pending
  • ON SITE: 94 Days
  • ID#: 22155677
Pending
UPDATED: 49 min ago
$690,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Shelby Ring of Compass (310-820-0195)


Description

Attention Investors: Soaring rents in Los Angeles have made properties like this a cash goldmine. Here is your chance to set yourself up for that dream retirement by investing in this light and lucrative property which has been tastefully remodeled with high-design finishes and details throughout. You start to swoon as soon as you pull onto the tree-lined street in Walnut Park, knowing you're walking distance from schools, Plaza La Alameda, restaurants, transportation (Metro Blue Line), and in close proximity to the 110, 105 & 10 freeway. Also nearby is the Franklin D. Roosevelt Park and Florence Library. Just imagine how happy tenants will be waking up on the weekends and being able to stroll down to the Huntington Park Farmer's Market! There are also convenience and grocery stores within walking distance for those mid-week shopping trips. What makes this gorgeous duplex so special is that there are two separate houses on the property with a shared yard with an Avocado tree. In total, there is 1,347 square feet with 3 garage spots and additional parking available for 6-7 cars. However, the true beauty of this property is the fact that the back unit with two bedrooms, one bath, and a one-car garage, and that unit will be delivered with a paying tenant in place while the front unit is vacant. Wait until you walk through the front unit with custom walnut cabinetry, travertine countertops, new appliances, and a two-car garage because you're going to want to move in - which you could easily do if you're looking to eliminate your own housing payment! Yes, you could live in the front unit while the back tenant covers your mortgage or find a new tenant to move in that will pay the current market max value on rent. Units like this, with these kinds of upgrades, and in a location with so much to offer are very hard to come by in a regular market but especially in one like this which means you won't ever have problems keeping happy, paying tenants in either of these well-maintained units. Either way, this investment property is a no-brainer regardless of where you are in your real estate journey! Book your private tour today and come see for yourself how life-changing this property will be for you and your family.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T13:35:30.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/128763757
Print Image

7613 Walnut Drive Los Angeles (City), CA 90001

  • Price: $690,000
  • Status: Pending
  • On Site: 94 Days
  • Updated: 49 min ago
  • ID#: 22155677
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1948
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Attention Investors: Soaring rents in Los Angeles have made properties like this a cash goldmine. Here is your chance to set yourself up for that dream retirement by investing in this light and lucrative property which has been tastefully remodeled with high-design finishes and details throughout. You start to swoon as soon as you pull onto the tree-lined street in Walnut Park, knowing you're walking distance from schools, Plaza La Alameda, restaurants, transportation (Metro Blue Line), and in close proximity to the 110, 105 & 10 freeway. Also nearby is the Franklin D. Roosevelt Park and Florence Library. Just imagine how happy tenants will be waking up on the weekends and being able to stroll down to the Huntington Park Farmer's Market! There are also convenience and grocery stores within walking distance for those mid-week shopping trips. What makes this gorgeous duplex so special is that there are two separate houses on the property with a shared yard with an Avocado tree. In total, there is 1,347 square feet with 3 garage spots and additional parking available for 6-7 cars. However, the true beauty of this property is the fact that the back unit with two bedrooms, one bath, and a one-car garage, and that unit will be delivered with a paying tenant in place while the front unit is vacant. Wait until you walk through the front unit with custom walnut cabinetry, travertine countertops, new appliances, and a two-car garage because you're going to want to move in - which you could easily do if you're looking to eliminate your own housing payment! Yes, you could live in the front unit while the back tenant covers your mortgage or find a new tenant to move in that will pay the current market max value on rent. Units like this, with these kinds of upgrades, and in a location with so much to offer are very hard to come by in a regular market but especially in one like this which means you won't ever have problems keeping happy, paying tenants in either of these well-maintained units. Either way, this investment property is a no-brainer regardless of where you are in your real estate journey! Book your private tour today and come see for yourself how life-changing this property will be for you and your family.
Exterior Features

Parking Features Door-MultiDoor-SingleGarage Parking Total 8 Property Attached YN No View None View YN No

Interior Features

Appliances DisposalRefrigerator Common Walls No Common Walls Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Buyer Financing CashConventionalFhaVa Garage YN Yes Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lcr2yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T13:35:30.17. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368905413-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368905413-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368905413-1.jpg
Logo
Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Shelby Ring of Compass (310-820-0195)