New Listing
10974 Willowbrook Avenue,Los Angeles, CA 90059
Los Angeles, CA 90059
Description
Generating approximately $78,000 in yearly revenue with a rare 7.89% cap rate, this income-producing duplex sits on an expansive 8,500 sq ft flat lot - that presents a compelling opportunity to add 2 or more additional residential units or ADUs, with the added benefit of the bottom unit being completely remodeled and vacant, creating multiple avenues to expand rental income while maximizing the property's highest and best use. Investment opportunities that combine strong current returns with this level of future development potential on a flat, buildable lot are becoming increasingly rare - and increasingly valuable. Each unit offers 4 bedrooms, 2 bathrooms, and 1,248 sq ft of spacious living space - a size and layout that feels like a single-family residence, attracting quality long-term tenants and keeping vacancy low.
Details
| MLS # | PW26217372 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1998 |
| Days On Site | 5 |
| Listing Provided By | Coldwell Banker Realty | Miguel Valeriano Martine |
Features
| SQ Feet | 2,496 |
|---|---|
| Car Port | Yes |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.19 |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90059 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90059) | |
Price: $945,000 low | high Med: $975,000 sqft: 2,496 low | high Med: 2,400 $ / sqft: $379 low | high Med: $406 On site: 5 low | high Med: 27 | |
Market Activity 90059
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90059 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90059) | |
Price: $945,000 low | high Med: $975,000 sqft: 2,496 low | high Med: 2,400 $ / sqft: $379 low | high Med: $406 On site: 5 low | high Med: 27 | |
