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Highland Park: Sleek and Spacious Duplex Renovated in 2019
Property Is Currently Generating $7,198 a Month (4% Cap Rate)
252 Branch Street Los Angeles,
CA 90042
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6 BEDROOMS | 3 BATHROOMS | 3,138 SQFT MLS# 22-186335 | Asking: $1,495,000 |
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| Built in 1912, 252 Branch Street is a 2019 renovated duplex. Currently generating $7,198/mo income (4% cap rate). Compare this income to any other duplex in the area. 6,402 LARD2 lot. Bottom unit: 3br/2.5ba Top unit: 3br/1ba Both units went through significant capital improvements at the end of 2019. Outside is a front yard area, a two-car garage, and a fenced backyard large enough for the construction of a third unit/ADU. This would be an Ideal opportunity for anyone looking to live in a new house and have the front 2 units offset mortgage. Conceptual drawings (renderings) for back house included (pix 47-50). Plans have * _NOT_ * been submitted or approved by the city of Los Angeles. Buyer to verify development potential independently. Adjacent Duplex 248 Branch St APN# 5493001015 also available for sale under MLS # 22-186327 Interior pix are after 2019 remodel. Both units currently occupied Property shows on Zimas as a duplex. Original building permit shows Single Family. Located in Highland Park just North of the popular York Blvd with neighborhood favorites such as Dulce de Leche, Joy, and The York +many more within walking distance. | ||||
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