Perfectly situated in uber-trendy Highland Park (" the new Silver Lake") two gorgeous, newly renovated, prime houses on one lot! Front house is a stunningly restored and modernized 3bd/2b craftsman. Back house is a sleek contemporary 4bd/3b Spanish. Both are rented at current market. But given the location-- just two blocks from the park and minutes from all the bars, restaurants and boutiques on York-- increasing the rents the mandated 3% each year should be a breeze. Both units feature private outdoor areas, fireplaces, hardwood floors, new kitchens and new bathrooms and are fetching a combined total $80,000 a year in gross rent! Top of market. Should come out to roughly $1500/mo in cash flow after mortgage pmt and all expenses. And with both units having been newly renovated maintenance costs will be at a minimum. Better still, both units have separate water meters, as well as gas and electric, making the costs even lower! It's waiting for you
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This 7 bedroom Multi-Family home
for sale in Los Angeles, CA
is currently listed for $995,000.
Featuring a lot size of 5,875 Sq. Ft.,
6401 N Figueroa St
was built in 1907 and
has been on coldwellbankerrealestate.com for 34 days.
This listing is provided courtesy of SILVERWOOD PROPERTIES.
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Coldwell Banker Associated Brokers Realty
31620 Railroad Canyon Road
Canyon Lake, CA 92587
Margaret F McCoy, CAL BRE 00786713
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