1140 S Ditman Avenue, Los Angeles, CA 90023
-
Listed Price :
$550,000
-
Beds :
5
-
Baths :
2
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Property Size :
1,433 sqft
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Year Built :
1922
Property Description
Discover an outstanding investment opportunity in the heart of East Los Angeles featuring two single-family homes nestled on one expansive lot. This multi-family property presents an immediate rental income stream with a currently tenant-occupied back house, while the vacant front residence is ready for your personal touch or rental strategy. With a combined total of five bedrooms and two bathrooms across both homes, this property offers versatile living arrangements and strong rental potential. The front house presents an ideal canvas for value-add improvements, allowing investors to maximize returns through strategic renovations. Located next to the 5 freeway, residents enjoy convenient access to daily essentials and local attractions. Students benefit from proximity to Esteban E. Torres High School, and commuters appreciate the accessibility to public transportation, including nearby bus stations and the Cal State LA Station. This dual-residence property represents an excellent opportunity for investors seeking to expand their portfolio or homeowners looking to offset their mortgage with rental income. The combination of existing cash flow from the back house and the potential to add value through renovations to the front residence makes this an attractive investment opportunity. Don't miss this chance to own a property with multiple income streams and significant upside potential.
Interior Features
| Laundry Information |
| Location(s) |
Gas Dryer Hookup |
| Bedroom Information |
| Bedrooms |
5 |
| Bathroom Information |
| Bathrooms |
2 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
1140 S Ditman Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90023 |
| County |
Los Angeles |
| Listing Agent |
Todd Swanson DRE #01162260 |
| Co-Listing Agent |
Dominic Chanes DRE #01997464 |
| Courtesy Of |
Swanson Real Estate |
| List Price |
$550,000 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
1,433 |
| Lot Size |
5,431 |
| Year Built |
1922 |
Listing information courtesy of: Todd Swanson, Dominic Chanes, Swanson Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 7th, 2025 at 6:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
