Virtual Tour

1/67

Listed by todd@swansonlending.com - Todd Swanson - DRE #01162260 - Swanson Real Estate 619-226-3234 Listing Courtesy of: DRE #01997464

$550,000

Calculate Payment

1140 Ditman Avenue Los Angeles, CA 90023

Single Family Residence

5 Beds

2 Baths

1,433 Sq. Ft.

0.12 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 1/5/2025 1:26 AM

Listing Details

Discover an outstanding investment opportunity in the heart of East Los Angeles featuring two single-family homes nestled on one expansive lot. This multi-family property presents an immediate rental income stream with a currently tenant-occupied back house, while the vacant front residence is ready... for your personal touch or rental strategy. With a combined total of five bedrooms and two bathrooms across both homes, this property offers versatile living arrangements and strong rental potential. The front house presents an ideal canvas for value-add improvements, allowing investors to maximize returns through strategic renovations. Located next to the 5 freeway, residents enjoy convenient access to daily essentials and local attractions. Students benefit from proximity to Esteban E. Torres High School, and commuters appreciate the accessibility to public transportation, including nearby bus stations and the Cal State LA Station. This dual-residence property represents an excellent opportunity for investors seeking to expand their portfolio or homeowners looking to offset their mortgage with rental income. The combination of existing cash flow from the back house and the potential to add value through renovations to the front residence makes this an attractive investment opportunity. Don't miss this chance to own a property with multiple income streams and significant upside potential. Continue reading

MLS#

NDP2500032

Property Type

Single Family

Status

Bedrooms

Bathrooms

2 Full

Year Built

1922

Square Feet

1,433 sq. ft