Motivated Seller! This property has an ASSUMABLE LOAN with an interest rate of 3.6%; will also be delivered vacant! Stunning University Park vacant duplex one mile away from USC and Downtown Los Angeles. Both units are vacant, rare for this area, and recently renovated. The location for highway access, shopping, restaurants, and schools is very appealing. This quiet neighborhood has the potential for much growth because of USC and DTLA. The investment also allows the opportunity to further increase cash flow by adding an ADU (ADU - Buyer to Verify). The location is within the USC DPS (Department of Public Safety) Patrol Zone which adds an extra layer of security and peace of mind.
There is a new roof on the house and garage, new HVAC/Central Air and heating systems, and new laminate flooring throughout the property. There is great parking space with a garage in the rear that can be converted to an ADU. The first unit has 1 large bedroom, 1 bathroom, washer and dryer space with a living room and large den; which could be converted to another bedroom. The second unit, upstairs, has 2 bedrooms, 1 bathroom, washer and dryer room, large sun room, and a renovated attic which could be used as a study or office. This is a perfect investment property or owner-user for a first time buyer where you can live in one unit and rent out the other. One unit features new appliances and the other purchased within 2 years. There is an enclosed rear area great for entertaining and privacy. The upper unit was recently painted. Enjoy the local coffee shops, restaurants, and markets in this growing neighborhood.