3210 Edward Ave
2 Bed | 2 Bath | 1,292 SF | Duplex | $785,000
Located in one of the hottest NELA neighborhoods, Glassell Park, this two house cash cow is as hip as it is a great investment. Each of the 1 bedroom, brightly colored “jewel boxes” are heavy hitters in the income department bringing in $1,800 in the front house and $2,013 in the back house. Both homes are filled with natural light and character details like wood floors, period tiles, and original windows. There’s a cute patio area with a built-in bench behind the detached garages and the rear house benefits from a private side and backyard. This is a great starter investment that cashflows with about 20% down. That’s not easy to find in a two unit property in this condition.
5 Bed | 3 Bath | 1,986 SF | Duplex | $759,000
Two vacant homes on a lot in the NELA neighborhood of Cypress Park. The front home is 2+1 with tankless water heater, copper plumbing and updated electrical with an estimated rental value of $2,300 - $2,600. The rear house features 3 bedroom and 2 baths with an attached 1car garage, a small private backyard, and an estimated rental value of $2,700 - $3,000. With $5,000 - $5,700 in monthly income, this smart investment cashflows very positive with 20% down for investors or allows you to owner occupy it reasonably with even 10% down. Give it some cosmetic TLC and you’re adding value to an already great investment. Enjoy the multiple fruit trees like avocado, fig, lemon and loquat trees, the large lot with long driveway, a coin-operated laundry option for additional income or provide laundry inside each home. Minutes from Echo Park, Atwater, Downtown, Pasadena, and Glendale. Don’t miss this rare opportunity for vacant units.