tomo logo

$550,000

Beds
5
Baths
2.0
sq ft
1,433

1140 S Ditman Ave, Los Angeles, CA 90023

1140 S Ditman Ave

Los Angeles, CA 90023

  • 117 days on market
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.

Details

Property type

Single Family Residence

Lot size

5,431 sq ft

Price per sq ft

$384

Year built

1922

Price History

09/12/2024
SanDiego

SanDiego #NDP2500032

Listed
$550,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

2

Status: Active

Tomo last checked: 01/07/2025 at 11:35 AM

Listing updated: 01/07/2025 at 10:56 AM

Listed by: Todd Swanson, Phone #: (619) 226-3234

MLS: SanDiego #NDP2500032

SanDiego logo

Recently listed in Los Angeles