Fantastic starter investment. You could probably find a 2000 sq. ft., 3 bedroom, 2.5 bathroom, 2007-built home in the South Bay for this price range, but why not generate some extra income too? This less-than-10-year-old duplex is stunning. Anyone familiar with the neighborhood probably knows it well. Perched up high at the peak of 1st and Gaffey, from the rear of this property you even have harbor views. With two mirror-image units of the same specs: 2000 sq. ft. each, 3 bedroom, 2.5 bathrooms, these units are always in high demand due to their size. 675 is rented for 2495/mo. and 673 is rented for 2195 per month. Bring unit 673 to the same (market) and that will be 5000/mo. income on a 899k investment! That's over a 6.6% gross CAP! Try to find a better return, with ease of entry and purchase than that! Unit 675 was just remodeled after the last tenant moved out, and unit 673 has been occupied by long term tenants at $2195/mo. with room to increase. Each unit has it's own private rear yard, and a detached 4 car garage, separated into two, so each unit has a private 2-car garage. This is your perfect starter investment, first home, or easy addition to your real estate portfolio. This is truly a diverse and trophy of a property!
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Data last updated: Wednesday, February 22, 2017 at 10:36 PM. Properties in listings may have been sold or may no longer be available.