7613 Walnut Drive

Los Angeles, CA 90001

$750,000
Last Sold Price
4
Beds
2
Baths
1,347 Sq. Ft.
$557 / Sq. Ft.
1,347
Sq. Ft.
$557
per Sq. Ft.

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

  1. Shelby Ring

    Shelby Ring

    Listing Agent

    Compass

    DRE #01949380

Property Details for 7613 Walnut Drive

Zoning
LCR2YY
Style
California Bungalow
Parcel Number
6025006030
Total Units
2.0
Living Area
1347
Source Living Area
Plans
Area
Metropolitan South (C37)
Vacancy Rate
50%

Location

Listing Courtesy of Compass, Shelby Ring, DRE #01949380

Sold By KW Advisors, Daniel Overton, DRE #01888722; KW Advisors, Michael Berlin, DRE #01299221

Add your commute
LISTING UPDATED: 09/23/2022 04:08 PM

Property Details for 7613 Walnut Drive

StatusSold
MLS #22-155677
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.15 AC / 6,513 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Shelby Ring, DRE #01949380

Sold By KW Advisors, Daniel Overton, DRE #01888722; KW Advisors, Michael Berlin, DRE #01299221

Add your commute

Building Information for 7613 Walnut Drive

Stories1Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,513 SF

Payment Calculator

$4,928 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$835

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7613 Walnut Drive

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Detached
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Financing: Cash, Conventional, FHA, VA
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Garage Income: $2,400
  • Laundry Income: $1,850
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1495
  • Lot Size Square Feet: 6513
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage - 2 Car, Garage - 1 Car
  • Total Parking: 8
  • Open Other Spaces Total: 5
  • Garage Spaces Total: 3
  • Parking Features: Garage - Two Door, Garage - Single Door
  • Attached Garage: No
Interior Features
Interior Features
  • Room Type: Living Room, Master Bathroom
  • Rooms: Living Room, Dining Room, Master Bedroom
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Ceramic Tile
  • Equipment: Ceiling Fan, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-16-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $37,395.00
  • Assessed Improvement Percent: 24.58
  • Assessed Land Value: $114,770.00
  • Assessed Land Percent: 75.42
  • Assessed Total Value: $152,165.00

Property History for 7613 Walnut Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Shelby Ring, DRE #01949380

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.