431 N Mountain View Ave, Los Angeles, CA 90026

Property Description

**$150K PRICE REDUCTION!!** AN EXCLUSIVE OFFERING BELOW MARKET VALUE: NO RENT CONTROL + NEWER CONSTRUCTION (2006) + HIGHLY-DESIRED RENTAL AREA + PRIVATE & GATED + CLOSE PROXIMITY TO FREEWAY. Located on a quiet CUL-DE-SAC in the coveted Silver Lake/Echo Park rental market, this AMAZING gated-duplex offers a total of 8 BEDROOMS & 4 FULL BATHROOMS w/3,550 sqft. of living space. Each IDENTICAL unit boasts 4 bedrooms & 2 bathrooms with over 1,750 sqft. Both units are FULLY UPDATED & COMPLETELY TURNKEY with HARDWOOD FLOORS all throughout & GATED PARKING for up to six vehicles! All rooms are generously-sized and the master bedroom provides direct access to a PRIVATE PATIO in the lower unit & a SPACIOUS BALCONY in the upper unit. Both also include IN-UNIT WASHER & DRYER hookups with wall-unit A/C & heating. This property offers easy management & low expenses with EXCEPTIONAL non-rent controlled future upsides. Current rental rates are $3,100/MTH. for EACH UNIT but comparable units are being leased for $3,300-$3,400 making this an INCREDIBLE opportunity for an owner/user or investor. Total income on this property is approx. $68,000/YR. The current tenants are relocating out-of-state for work so both units will be delivered vacant. SELLERS ARE VERY MOTIVATED!!