4068 Sutro Ave, Los Angeles, CA 90008

Property Description

NEW PRICE. Two homes, one deed, in the heart of Leimert Park. 4068 Sutro Ave is a remodeled 3 bed / 3 bath front house (~1,551 SF). 4070 Sutro Ave is a fully permitted, separately addressed detached ADU with its own kitchen, bath, skylight, and in-unit laundry.It works three ways. House hackers can live in the front and let the ADU help cover the mortgage. Multigenerational households get two private living spaces, each with its own entrance and kitchen. 1031 exchange buyers get two rentable units from day one.The front house has farmhouse-style hardwood floors, a fireplace, and a designer kitchen with a quartz waterfall island. The primary suite has a soaking tub and French doors that open to a private backyard with mature fruit trees. The roof, plumbing, and electrical are new, and there's a tankless water heater.Established rental corridor, so rental demand here is proven, not projected. Estimated market rents are $4,750/mo for the front house and $1,750/mo for the ADU, about $78,000/yr gross. No HOA. No shared walls. Minutes to USC, 1520 to Culver City, and close to Downtown LA, dining, and Metro.