553 W 109th, Los Angeles, CA 90044
- $699,899
- 3
- BD
- 2
- BA
- 1,587
- SqFt
- List Price
- $699,899
- Price Change
- ▼ $100 1784186956
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- IG26037281
- Year Built
- 1960
- Bedrooms
- 3
- Bathrooms
- 2
- Living Sq. Ft
- 1,587
- Lot Size
- 4,880
- Acres
- 0.11
- Lot Location
- 0-1 Unit/Acre, Yard
- Days on Market
- 149
- Property Type
- Single Family Residential
- Style
- Contemporary, Ranch
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Massive cash-flow and dual-income potential at 553 W 109th St. This oversized 1,587 sq. ft. turnkey 3BR/2BA home is fully updated and ready for immediate market-rate rental. Enjoy zero initial CapEx with a stunning remodeled quartz kitchen, brand-new flooring, a newer roof, and upgraded systems. ?HIGH-YIELD ADU POTENTIAL: The detached 2-car garage is a prime candidate for a value-add garage-to-ADU conversion under California’s favorable fast-track laws to instantly create a highly profitable duplex-style asset. ?MASSIVE GATED PARKING: Fully enclosed lot features an expansive driveway fitting up to 7 vehicles—providing effortless, secure parking for both units. ?HIGH-DEMAND LOCATION: Minutes from SoFi Stadium, DTLA, and LAX with massive tenant appeal and historically low vacancy rates. ?Live in one and let the tenant pay your mortgage, or rent both for maximum passive rental income. Act fast—this high-cap-rate opportunity will not last!
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Additional Information
- Appliances
- 6 Burner Stove, Dishwasher, Gas Oven, Gas Water Heater, High Efficiency Water Heater, Microwave, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- City Lights
- Exterior Construction
- Aluminum Siding, Asphalt, Brick, Block, Stucco, Steel
- Patio
- Brick, Concrete, Enclosed, Front Porch, Open, Patio
- Roof
- Asphalt, Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- Block Walls, Ceiling Fan(s), Separate/Formal Dining Room, Eat-in Kitchen, Open Floorplan, Pantry, Unfurnished, All Bedrooms Down, Attic, Bedroom on Main Level, Entrance Foyer, French Door(s)/Atrium Door(s), Main Level Primary, Primary Suite
- Attached Structure
- Detached
- Number Of Units Total
- 1
- Garage Spaces
- 2
- Levels
- One
- Parking Spaces
- 7
- School District
- Los Angeles Unified
Listing courtesy of Listing Agent: David Hazward (dhazwardr1g@outlook.com) from Listing Office: REALTY ONE GROUP ROADS.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.