7613 Walnut Drive
7613 Walnut Drive
$750,000
4
2
1,347
1,347
$557
Sold 9/22/22
Description
Attention Investors: Soaring rents in Los Angeles have made properties like this a cash goldmine. Here is your chance to set yourself up for that dream retirement by investing in this light and lucrative property which has been tastefully remodeled with high-design finishes and details throughout. You start to swoon as soon as you pull onto the tree-lined street in Walnut Park, knowing you're walking distance from schools, Plaza La Alameda, restaurants, transportation (Metro Blue Line), and in close...Attention Investors: Soaring rents in Los Angeles have made properties like this a cash goldmine. Here is your chance to set yourself up for that dream retirement by investing in this light and lucrative property which has been tastefully remodeled with high-design finishes and details throughout. You start to swoon as soon as you pull onto the tree-lined street in Walnut Park, knowing you're walking distance from schools, Plaza La Alameda, restaurants, transportation (Metro Blue Line), and in close proximity to the 110, 105 & 10 freeway. Also nearby is the Franklin D. Roosevelt Park and Florence Library. Just imagine how happy tenants will be waking up on the weekends and being able to stroll down to the Huntington Park Farmer's Market! There are also convenience and grocery stores within walking distance for those mid-week shopping trips. What makes this gorgeous duplex so special is that there are two separate houses on the property with a shared yard with an Avocado tree. In total, there is 1,347 square feet with 3 garage spots and additional parking available for 6-7 cars. However, the true beauty of this property is the fact that the back unit with two bedrooms, one bath, and a one-car garage, and that unit will be delivered with a paying tenant in place while the front unit is vacant. Wait until you walk through the front unit with custom walnut cabinetry, travertine countertops, new appliances, and a two-car garage because you're going to want to move in - which you could easily do if you're looking to eliminate your own housing payment! Yes, you could live in the front unit while the back tenant covers your mortgage or find a new tenant to move in that will pay the current market max value on rent. Units like this, with these kinds of upgrades, and in a location with so much to offer are very hard to come by in a regular market but especially in one like this which means you won't ever have problems keeping happy, paying tenants in either of these well-maintained units. Either way, this investment property is a no-brainer regardless of where you are in your real estate journey! Book your private tour today and come see for yourself how life-changing this property will be for you and your family.
Listing Agent
Property Details for 7613 Walnut Drive
Zoning
LCR2YY
StyleCalifornia Bungalow
Parcel Number6025006030
Total Units2.0
Living Area1347
Source Living AreaPlans
AreaMetropolitan South (C37)
Vacancy Rate50%
Location
LISTING UPDATED: 09/23/2022 04:08 PM
Property Details for 7613 Walnut Drive
Status | Sold |
---|---|
MLS # | 22-155677 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.15 AC / 6,513 SF |
County | Los Angeles County |
Location
Building Information for 7613 Walnut Drive
Stories1Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,513 SF
Payment Calculator
$4,928 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7613 Walnut Drive
Property History for 7613 Walnut Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7613 Walnut Drive
Taxable ValueLand$600,000Additions$150,000Total$750,000
Tax Record2023$10,019 ($835 / month)
Home Facts
Total Finished SqFt1,269 SqFtAbove Grade Finished SqFt1,269 SqFtLot Size6,513 SqFtStyleDuplexYear Built1948ZoningLCR2YYCountyLOS ANGELESAPN6025-006-030
Schools near 7613 Walnut Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Florence Avenue Elementary School PublicK to 6 | ||
Thomas A. Edison Middle School Public6 to 8 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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