Listed by Vibhor Vineet•DRE #02098451• Nanda Realty Inc.
Contact: 5624054854
For sale
$849,900
Est. $5,567/mo —
6
bd
•
4 ba
•
1,972
sq ft
10601 S Main, Los Angeles, CA 90003
About this home
VACANT DUPLEX – PRIME OPPORTUNITY FOR INVESTORS OR OWNER-USERS! Excellent opportunity for an investor looking to establish market rents immediately or an owner-user seeking to live in one unit while generating rental income from the other. Two spacious residential units, with approximately 1,972 square feet of total living area on a 3,389-square-foot lot. 6 bedrooms and 4 bathrooms in total, along with 4 parking spaces. With both units vacant, the new owner has maximum flexibility to lease and capitalize on the Los Angeles rental market or occupy the property according to their investment strategy. The separate-unit configuration makes this an attractive opportunity for multi-generational living, an owner-occupant seeking rental income. Conveniently located near major transportation routes, schools, shopping, dining, and everyday amenities, the property offers accessibility throughout South Los Angeles. The location also provides convenient freeway access to LAX Airport and Downtown.
Broadway-Manchester, located between Slauson Avenue and Imperial Highway, is a residential and industrial Los Angeles neighborhood with wide boulevards and rail-lined corridors. The neighborhood’s character concentrates around Broadway and Manchester Avenue, where storefront churches, taquerías, barbershops, and corner markets keep the sidewalks active. Housing leans to early- and mid-century single-story homes and small apartment courts, set against long blocks of warehouses and light manufacturing. The Metro A Line frames the eastern edge, tying daily routines to the Florence and Firestone station area. Green space arrives in pockets, with Augustus F. Hawkins Nature Park offering trails and a lake-like wetland feel. The street grid reads flat and expansive, with big-sky views and steady freight movement shaping the soundscape.
Provided by Walk Score and Local Logic
Offer insights
10601 S Main · $849,900
$863K and above
75% chance or better to win
Why $863K+ is a strong offer
DAYS ON MARKET
24 days
The average home goes pending in 72 days.
SALE-TO-LIST
97.6%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Two-level layout
Entry on main level
Fireplace located in the kitchen
Bedrooms
Two units total; one unit with 3 bedrooms
Bathrooms
At least one unit with 2 full bathrooms
Kitchen
Ranges present in units (at least two units have ranges)
Laundry & utility
Gas dryer hookup
Washer hookup
On-site laundry available
Flooring
Tile
Vinyl
Carpet
Heating & cooling
Wall heater
Exterior features
No pool
Lot characterized as 0–1 unit per acre
Urban neighborhood setting
Home design
Two stories
No accessory dwelling unit (ADU)
Construction
Shingle roof
Single building containing all units
Year built per assessor
Utilities
Public sewer
District/Public water
Separate gas meters for units (2)
Separate electric meters for units (2)
HOA & community
Property is in a rent-controlled jurisdiction
Financial info
Total building area: 1,972
Total number of units: 2
Gross scheduled income: $72,000
Gross operating income: $72,000
Net operating income: $54,500
Operating expenses: $17,500
Total expenses listed: $1,500
Insurance expense listed: $1,500
Tenants pay gas and electricity
Electricity and solar
View estimated energy costs and solar savings for this home
Turnkey newer construction duplex built in 2004 and not subject to the city of LA's rent control ordinance. This property features two units, each with 3 bedrooms / 2 baths, offering strong cash flow for the investor or the savvy owner-occupant who wants to live in one while collecting rent from the other. Both units are in excellent condition and have both been upgraded. The downstairs unit has brand new kitchen cabinets, tile floors and granite counters plus newer cabinets and fixtures in both of the bathrooms. Both units were recently painted on the interior and both have been updated with granite counters and new carpeting in the bedrooms. Both units have indoor washer and dryer connections and two gated parking spaces each. Low maintenance yard and beautiful smooth stucco exterior. Easy access to the 110 and 105 freeways.
CRMLS #SB16769266
Mar 2, 2017
Sold
$383,500
$194/sq ft
Feb 8, 2017
Contingent
—
Dec 30, 2016
Listed
$440,900
$224/sq ft
SDMLS #301769218
Mar 2, 2017
Sold
$383,500
$194/sq ft
Dec 30, 2016
Listed
$440,900
$224/sq ft
Bank owned. Built 2004, no rent control. Both 3 beds, 2 baths, separate gas and electric meters, 4 car wrought iron gated parking. Could be great family compound. 61 walkscore: walkable to 107th St Elementary, Gompers Middle School, Locke High and 108th St police station (the big one). 1 minute to 110, 8 minutes to USC, DTLA, future Rams stadium and Hollywood Park Tomorrow.
Bank owned. Built 2004, no rent control. Both 3 beds, 2 baths, separate gas and electric meters, 4 car wrought iron gated parking. Could be great family compound. 61 walkscore: walkable to 107th St Elementary, Gompers Middle School, Locke High and 108th St police station (the big one). 1 minute to 110, 8 minutes to USC, DTLA, future Rams stadium and Hollywood Park Tomorrow.
Perform soil removal and recompaction for a proposed new duplex.
Grading
Jan 8, 2010 • Active
Bldg-alter/repair
Remodel both units of an existing duplex and add a new staircase at the rear of the building. Replace existing rear windows with doors to provide secondary exits.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
LA's real estate market stays a top-tier profit machine through the mid point of26! Strong demand, tight inventory, and the city's allure drive steady 3-7% appreciation. High equity and robust rents make it ideal for long-term investors seeking...
reliable, high-value wealth growth in this iconic City.