PROPERTY DESCRIPTION

Location, location, location. This is a major value add opportunity in this Spanish style duplex in the historical View Park neighborhood. Whether owner occupied, short term or long terms hold investors this incredible value opportunity is right here. this is a dream scenario for owner occupiers. Obtain a lower rate via residential financing, live in a gorgeous home, & have the other tenant contribute to the mortgage: the most economical way to live in LA! Plus, with potential to add an ADU. For owner users to enhance their investment, the owner, their parents, or children plan to reside in the larger downstairs unit for a two-year period, they can take possession of the unit. This can be accomplished by providing the tenant with a 60-day notice & paying a relocation fee of $24,650. Once the two-year residency requirement is met, the owner has the option to release the unit at the market rent to a third party, which would result in an increase in overall value & also have an opportunity to update units and maximize return value on rent. If you are an investor looking for a strong return & major appreciation potential, this property checks that box as well surrounded by multimillion dollar homes with a new list 5 doors down for 2m showing what can be done in premier neighborhood. The units have maintained all of its Spanish character. They boast spacious floor plans, plentiful windows letting in ample natural lighting, hardwood flooring, original arches, breakfast nooks, service area with their own washer and dryer hook ups and access to their own private backyards. A new roof and new sewer line was put in a year ago. Between the ideal central location and the unbeatable curb appeal, this property is your chance to own a stable asset in LA that we predict will increase in value year after year.