CA > Los Angeles
Los Angeles, CA 90023,1140 S Ditman AVE
Los Angeles, CA 90023,1140 S Ditman AVE
Los Angeles, CA 90023,1140 S Ditman AVE
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$550,000
Est. payment /mo
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5 BD
2 BA
1,433 SqFt
New

1140 S Ditman AVE Los Angeles, CA 90023

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Liz Morehouse

Liz Morehouse

+1(760) 936-1572

UPDATED:

01/02/2025 07:49 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,433 sqft

Price per Sqft $383

MLS Listing ID NDP2500032

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1922

Lot Size 5,431 Sqft

Lot Dimensions Public Records

Property Description

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.

Location

State CA

County Los Angeles

Area 675 - East Los Angeles/City Of Commerce

Zoning LCR4YY

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Gas Dryer Hookup

Exterior

Pool None

Community Features Suburban

View Y/N No

View None

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Level or Stories One

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5242005002

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Todd Swanson • Swanson Real Estate • todd@swansonlending.com

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agent

Liz Morehouse

Agent | License ID: 02125172

+1(760) 936-1572

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1140 S Ditman AVE