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Incredible Investment Opportunity in Highland Park
Currently Generating $8,398/mo Income (4.5% Cap Rate)
248 Branch Street Los Angeles,
CA 90042
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7 BEDROOMS | 4 BATHROOMS | 2,766 SQFT MLS# 22-186327 | Asking: $1,595,000 |
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| Located in Highland Park on a 6,402 sq ft LARD2 lot, this 2-on-a-lot duplex setup is an incredible owner-occupied or investment opportunity. Currently generating $8,398/mo income (4.5% cap rate). Compare this income to any other duplex in the area. Rehabbed in late 2019, 248 Branch consists of one front unit with 3br/2ba and a back unit with 4br/3ba. 248 1/2 back house has a private back patio with a planting area and front unit has a private front yard. Located just North of the popular places on York Blvd such as Dulce de Leche, The York or Joy restaurant, and a short 5-minute drive to the Arroyo Seco park and golf course. Adjacent duplex 252 Branch APN# 5493001014 also available for sale under MLS Listing #22-186335. Non-city approved conceptual only plans to add 3rd unit to 252 Branch available Front House CofO-1958, Back House CofO-1982 (appears to be non-RSO -- buyer to verify) Interior pix are from 2019 remodel. Both units are currently occupied. | ||||
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