Rare investor special in the coveted Brentwood Estates! Two standalone properties for the price of one. The landlord’s early retirement offers you the unique chance to snatch up this currently income producing asset with an as-is cap rate of 8.9! Rent them both or live in one and rent the other for truly passive income.
Rent both move in ready units out as a duplex, or live in the cozy 3-bedroom, 2-full bathroom, plus den main home and rent out the separate 2/1 detached back home for endless passive income. Both properties have been professionally maintained, with service records available. Currently zoned for multi-family. Both units occupied month to month. Easy to show.
Cons: Roof 23 years old, AC & WH age unknown, but functioning normally.
Investor notes:
Flip potential: $585k ARV, with new roof, modernized kitchens and open floor plan. Estimated 60-90k in upgrades.
Current LTR rental gross: 2900 /mo. Market rent without rehab estimate: $3,600 /mo, with only light nearby competition. STR estimate both units combined: $53.4k yrly gross, at 262 /night (discounted for 31 day plus rental mins), with only 56/100 occupancy.
No HOA/CDD. Feel free to soft pitch purchase agreements to listing agent before writing anything up. No assignable contracts accepted. Seller financing possible with a very large downpayment.
The income description goes here to explain
List Price | $395,000 |
Property Type | Single Family Homes |
Usable Sqft | 1,750 |
Number of Stories | 1 stories |
Parking Spots | 0 spots |
Year Built | 1940 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 032915366660020050 |
MLS # | T3472473 |
Property ID | 319991107 |
Lot Sqft | 5,972 |
Zoning | R-4 |
Days on Market | 565 |
Original List Price | $420,000 |
Applicances | Range, Refrigerator% |
Date Updated | March 31, 2025 |
Date Created | September 14, 2023 |
Richard Peters an agent of .
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of March 31, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT