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248 Branch St

Los Angeles, CA 90042
  • $1,600,000
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: 22-124813
Price Reduced
UPDATED: 15 min ago
$1,600,000
  • 7
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,766
    SQFT
  • $578
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1906
County:

School Ratings & Info

School District:

Description

Located in Highland Park on a 6,402 sq ft LARD2 lot, this 2-on-a-lot duplex setup is an incredible owner occupied or investment opportunity. With a Walkscore of 89, this property is just North of the popular places on York Blvd such as Dulce de Leche, The York or Joy restaurant and a short 5-minute drive to the Arroyo Seco park and golf course. Rehabbed in late 2019. 248 Branch consists of one front unit with 3br/2ba, and a back unit with 4br/3ba. 248 1/2 back house has a private back patio with a planting area and front unit has a private front yard. Adjacent duplex 252 Branch APN# 5493001014 also available for sale under MLS Listing #22-124671 Non city approved conceptual only plans to add 3rd unit to 252 Branch available Front House CofO-1958, Back House CofO-1982 (appears to be non RSO -- buyer to verify) Both units currently occupied at $7,890/month (combined). May be possible to deliver 4/3 back house vacant. Interior pix are from 2019 remodel. Both units currently occupied Cash Cow -- Nothing on the market compares to the massive cashflow generating abilities of this duplex

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T22:43:09.05. 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.
www.searchdesertrealestate.com/homes/125857203
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248 Branch St Los Angeles, CA 90042

  • Price: $1,600,000
  • Status: Active
  • On Site: 91 Days
  • Updated: 15 min ago
  • MLS #: 22-124813
7
Beds
0
Baths
0
½ Baths
0.15
Acres
2,766
SQFT
$578
$/SQFT
1906
Built
Neighborhood:
Highland Park
County:
Los Angeles
Area:
Highland Park
School District:
Los Angeles Unified
Property Description
Located in Highland Park on a 6,402 sq ft LARD2 lot, this 2-on-a-lot duplex setup is an incredible owner occupied or investment opportunity. With a Walkscore of 89, this property is just North of the popular places on York Blvd such as Dulce de Leche, The York or Joy restaurant and a short 5-minute drive to the Arroyo Seco park and golf course. Rehabbed in late 2019. 248 Branch consists of one front unit with 3br/2ba, and a back unit with 4br/3ba. 248 1/2 back house has a private back patio with a planting area and front unit has a private front yard. Adjacent duplex 252 Branch APN# 5493001014 also available for sale under MLS Listing #22-124671 Non city approved conceptual only plans to add 3rd unit to 252 Branch available Front House CofO-1958, Back House CofO-1982 (appears to be non RSO -- buyer to verify) Both units currently occupied at $7,890/month (combined). May be possible to deliver 4/3 back house vacant. Interior pix are from 2019 remodel. Both units currently occupied Cash Cow -- Nothing on the market compares to the massive cashflow generating abilities of this duplex
Exterior Features

Direction Faces East Lot Size Area 6402 Other Structures None Parking Garage Uncovered Style Craftsman Total Parking 5 View Description None View YN No

Interior Features

Baths Total 4.00 Common Walls Detached/No Common Walls Cooling Air Conditioning Equipment None Heating Forced Air

Property Features

ADACompliance No Alley YN No Entry Floor Number 1 Gross Income 94680 Gross Operating Income 94680 Like Units1 1 Like Units2 1 Net Operating Income 57718.00 Number Of Buildings 2 Number Of Units 2 Owner Pays Water Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Tenant Pays ElectricityGas Total Annual Expense 36962 Type Of Units Detached Water Heaters YN Yes Year Built Source Assessor Zoning Lard2

Listing provided courtesy of Mischa Ben Nicolas DRE# of IET Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T22:43:09.05. 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.
 
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