1571 E 118th new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90059
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,954 sqft
Price per Sqft $468
MLS Listing ID IV25233881
Bedrooms 6
Full Baths 3
HOA Y/N No
Year Built 1937
Lot Size 6,860 Sqft
Property Sub-Type Duplex
Property Description
Welcome to 1571 E 118th St, Los Angeles, CA 90059 — a cash-flowing investment property located in the heart of South Los Angeles. This well-maintained multi-unit property generates an impressive $8,000/month in rental income, making it ideal for investors seeking strong returns from day one. The property features two spacious units, both occupied with long-term tenants, and a 3-car garage that has been converted into a 1 bed / 1 bath studio (un-permitted). The studio offers additional rental potential or the opportunity to explore ADU legalization for even greater upside. Set on a large 6,859 sq. ft. lot, this property offers ample parking and flexible use options. All units are separately metered, providing cost efficiency and control.
Located near major freeways, shopping, and public transportation, this property is perfectly positioned within a high-demand rental corridor of Los Angeles. Investors will appreciate the steady rental market, consistent appreciation, and future upside this property provides.
Don't miss this opportunity to secure a high-yield, cash-flowing asset with built-in upside in one of L.A.'s most promising submarkets.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Main Level Bedrooms 6
Interior
Interior Features All Bedrooms Down,Bedroom on Main Level
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dryer,Washer
Laundry Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Outside,See Remarks
Exterior
Pool None
Community Features Park,Street Lights,Sidewalks
Utilities Available Sewer Not Available
View Y/N No
View None
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Duplex
Story 1
Entry Level One
Sewer None
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 6149010021
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,1031 Exchange,FHA 203(b),FHA,Fannie Mae
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,1031 Exchange,FHA 203(b),FHA,Fannie Mae
Special Listing Condition Standard