Exceptional investment opportunity in Los Angeles! Built in 2016, this well-maintained duplex features two spacious residences, each offering 5 bedrooms, 3 bathrooms, and approximately 1,800 square feet of living space, for a combined 3,600 square feet. Situated on an approximately 5,199-square-foot lot, the property offers a desirable combination of modern construction, generous floor plans, and strong in-place rental income.
Each residence features its own in-unit washer and dryer, separately metered electricity and water, and convenient garage parking. The property includes one two-car garage and one single-car garage, along with gated access for added privacy.
Ownership has invested approximately $33,530 in improvements, including interior and exterior painting, carpeting, and the installation of a second water meter.
Currently generating $8,140 per month in combined rental income ($97,680 annually), the property offers attractive cash flow with additional rental upside. At the asking price of $1,195,000, the property reflects an approximately 7.08% capitalization rate based on seller-reported operating expenses, or approximately 6.62% using buyer-adjusted property taxes.
With its 2016 construction, substantial bedroom count, separately metered utilities, and established income stream, this is an opportunity to acquire a newer multifamily asset in Los Angeles. Buyer to verify all property details, financial information, and applicable rental regulations.
Property Sub Type:
Duplex
Property Attached:
Yes
Lot Area:
5,199 sq. ft.483 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
2016
(Age: 10)
General Listing Location:
Los Angeles, C34 - Los Angeles Southwest
County Or Parish:
Los Angeles
Tenant Pays:
Cable TV, Electricity, Gas, Trash Collection, Water
Common Interest:
None
Gross Income:
$97,680
Gross Scheduled Income:
$97,680
Net Operating Income:
$85,367
Cap Rate %:
7.08
Rent Control:
Yes
Association Fee:
$0
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Gardener expense:
1920.0
Insurance Expense:
$1,446
Taxes expense:
9452.0
Operating Expense:
$13,053
Other Expense:
$235
Pest control expense:
$0
Pool expense:
$0
Professional Management Expense:
$0
Supplies Expense:
$0
Trash Expense:
$0
Water and Sewer Expense:
$0
Workmans Compensation Expense:
$0
Vacancy Allowance:
$0
Vacancy Allowance Rate:
$0
Taxes:
$9,452 /
-
Tax Lot:
84
Oct 14, 2026
From I-110, exit at Slauson Avenue and head west. Turn right onto S Figueroa Street, then left onto W 50th Place. Property is located at 829–831 W 50th Place.
Features Excluded:
Tenant-owned personal property and furnishings are excluded from the sale.
Appliances:
Electric Range, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Dryer, Washer
Number of Buildings:
1
# of Electric Meters:
2
# of Gas Meters:
2
# of Water Meters:
2
Community Features:
Biking
Senior Community:
No
Interior Features:
High Ceilings, Open Floorplan, Recessed Lighting, Storage