1140 S Ditman Avenue
Los Angeles, CA 90023
Active for $550,000
Beds: 5 Baths: 2 Structure Size: 1,433 sqft Lot Size: 5,431 sqft
| MLS | NDP2500032 |
| Year Built | 1922 |
| Property Type | Single Family Residence |
| County | Los Angeles |
| Status | Active |
| Active | $550,000 |
| Structure Size | 1,433 sqft |
| Lot Size | 5,431 sqft |
| Beds | 5 |
| Baths | 2 |
Description
Discover an outstanding investment opportunity in the heart of East Los Angeles featuring two single-family homes nestled on one expansive lot. This multi-family property presents an immediate rental income stream with a currently tenant-occupied back house, while the vacant front residence is ready for your personal touch or rental strategy. With a combined total of five bedrooms and two bathrooms across both homes, this property offers versatile living arrangements and strong rental potential. The front house presents an ideal canvas for value-add improvements, allowing investors to maximize returns through strategic renovations. Located next to the 5 freeway, residents enjoy convenient access to daily essentials and local attractions. Students benefit from proximity to Esteban E. Torres High School, and commuters appreciate the accessibility to public transportation, including nearby bus stations and the Cal State LA Station. This dual-residence property represents an excellent opportunity for investors seeking to expand their portfolio or homeowners looking to offset their mortgage with rental income. The combination of existing cash flow from the back house and the potential to add value through renovations to the front residence makes this an attractive investment opportunity. Don't miss this chance to own a property with multiple income streams and significant upside potential.
Listing information courtesy of: Todd Swanson, Swanson Real Estate 619-226-3234. *Based on information from the Association of REALTORS/Multiple Listing as of 01/09/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Kristina Ter-Ovsepyan
REALTOR®
Direct: 818.919.6197
Email: Email Me
DRE: 01849421
DRE #01873088
.png){kind=small}