Why Duplexes Matter: Pay Less Than Your Tenant
17 Friday Aug 2012
One of the best options for a first-time home buyer is a duplex. The optimal duplex consists of 2 separate homes on a lot in good condition. Lucky for you, this 1915 California Bungalow in Cypress Park comes equipped with all that and the rare windfall of getting both units vacant at close.
Priced at $475k, this property has been lovingly cared for by friends/co-owners who have redone nearly everything. Features include new electrical, windows, floors, kitchens and baths. With rents on a 2/1 house fetching $1500/mo., your mortgage would be $1262/mo. even at with a 3.5% FHA loan burdened by PMI. In other words, you’d be paying less than your tenant. For more info or to view, let me know.
2833 Elm St., Los Angeles, 90065
Duplex: 3BR/1.5BA & 2BR/1BA
1998 sq. ft., 5250 sq. ft. lot
1915 California Bungalow
Turnkey, 2-On-A-Lot, Delivered Vacant