It’s a dream for many of us in Los Angeles. Buy an income property, live in one unit and collect rent from the other(s). This week, I’ve scoured income properties across Los Angeles looking for the best our city currently has on the market.
786 E Kensington Road
Los Angeles, CA 90026
LP: $1,050,000
# of Units: 3
Listing provided courtesy of Tracy Do, Compass.
In prime Angeleno Heights, this property boasts three spacious stand-alone units (no shared walls!) and each enjoys the benefit of outdoor space, laundry, parking, and storage. Hardwood floors, high ceilings, and vintage character charm are all over this opportunity. The two front units have two bedrooms each and private patios. The one-bedroom rear unit features a large deck overlooking Sunset Boulevard. I mean, look at that view!
246 Benton Way
Los Angeles, CA 90057
LP: $575,000
# of Units: 2
Listing provided courtesy of Alex Valenzuela, Keller Williams.
This duplex is located near Historic Filipinotown. It’s the perfect option for a buyer who wants to live in one unit and collect rent from the other. Each unit boasts two bedrooms and one bathroom. The upstairs unit is vacant and has been updated with fresh paint and fixtures and is ready for move in! The bottom unit is currently rented by a great tenant.
822 N Sycamore Ave
Los Angeles, CA 90038
LP: $1,389,000
# of Units: 3
Listing provided courtesy of Angela Acuff, John Aaroe Group.
You’ll love this lovely Spanish-style duplex in Hollywood. The units are sited on an extra large 7400+ sf R2 lot and presents a rare opportunity to invest or redevelop. This income property includes two side-by-side units, each with 1 bed/1 bath, formal dining rooms, plus a detached permitted studio and additional bonus space. Plus, it’s in walking distance to Pink’s Hot Dogs!
1126 N Beachwood Drive
Los Angeles, CA 90038
LP: $979,000
# of Units: 3
Listing provided courtesy of Tracy Do, Compass.
A great income opportunity on Beachwood Drive! This gated Craftsman style triplex has original character and charm and is located near Paramount and Sunset Gower Studios. The upstairs unit is a three bedroom, one bathroom with front and rear porches. Downstairs are two units, each featuring one bedroom and one bathroom. All units share a large backyard with drought-tolerant landscaping. Currently all are tenant-occupied.
6820 Iris Circle
Los Angeles, CA 900
LP: $1,569,000
# of Units: 2
This beautiful, historically restored 1924 Spanish Revival home with income potential is located in Whitley Heights. The main residence boasts three bedrooms and 2.5 Bathrooms, plus a permitted studio with an additional bathroom, and, for income, a one bedroom, one bathroom apartment with separate entrance perfect for short or long term renters.
1204 Myra Avenue
Los Angeles, CA 90029
LP: $699,000
# of Units: 2
Listing provided courtesy of Jamie Ruiz, Option One Realty & Investment.
Located just one block from Sunset Junction, this Spanish-style duplex is a rare find in the heart of Silver Lake. Each unit features one bedroom and one bathroom and a spacious floor plan. Plus, each unit has its own private and gated backyard!
1420 Harvard Blvd.
Los Angeles, CA 90006
LP: $975,000
# of Units: 3
Listing provided courtesy of Rodolpho Ramos Jr., Inbanet Realty.
Built in 1911, this beautiful Craftsman style triplex boasts original hardwood floors and custom wood cabinetry throughout. Two units are one bedroom / one bathroom and one has three bedrooms and 1.5 baths. You know I love a built-in bar in any Craftsman home!
2053/2055 Yosemite Drive
Los Angeles, CA 90041
LP: $729,000
# of Units: 2
Listing provided courtesy of Rosanna Macalinao, Hall & Chambers.
A perfect investment opportunity in happening Eagle Rock. Each unit consists of one bedroom and one bath, both with convenient laundry area with washer and dryer hookups. Never go to the laundromat again! Each unit is unique and spacious and offers move-in ready living. While carpet isn’t to everyone’s taste, this carpet is brand new and comfy!
2110 India Street
Los Angeles, CA 90039
LP: $899,000
# of Units: 2
Listing provided courtesy of Natalie Stern Trabin, Re/Max Grand.
Two separate bungalows on a lot located on a quiet, tucked-in cul-de-sac in Silver Lake. The spacious front house is a two bedroom, two bathroom home with an open layout. The back unit is a two bedroom, one bathroom home. Each have their own laundry and outdoor space perfect for entertaining. The outdoor areas feel private and are surrounded by greenery. Walk to the new 365 Whole Foods or the (full again soon) Silver Lake Reservoir!
3812 Seneca Avenue
Los Angeles, CA 90039
LP: $750,000
# of Units: 2
Listing provided courtesy of Candace Kentopian, Keller Williams Realty Los Feliz.
An amazing income property opportunity in Atwater Village. The front home has two bedrooms and one bathroom while back house has one bedroom and one bath. Each unit features a bonus room that can be used as a home office, artist’s studio, or nursery. The Front Home maintains its original charm and features crown molding and has a dedicated dining room. The front yard is gated and has fruit trees and green landscaping.
1032 Bonnie Brae Street
Los Angeles, CA 90006
LP: $999,000
# of Units: 4
Listing provided courtesy of Christopher Chon, New Star Realty & Investment.
This big and gorgeous Victorian fourplex is located North of the 110, just blocks from downtown Los Angeles. It has all the period charm you could ask for in a Victorian home. Originally built in 1890 (!) it’s one of the oldest Victorians in LA and is just waiting for the right person to invest and restore it to its former glory. Plus, it includes 9, yes 9, parking spaces.
