1566 E 106th Street, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath

1566 E 106th Street, Los Angeles, California 90002 home-pic-0
ACTIVE$1,275,000
1566 E 106th Street, Los Angeles, California 90002
0Bed
0Bath
3,715Sqft
5,199Lot
Year Built
2022
Close
-
List price
$1.27M
Original List price
$1.27M
Price/Sqft
$343
HOA
-
Days on market
-
Sold On
-
MLS number
OC25094518
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.27M(92th), sqft - 3715(92th), beds - undefined(50th), baths - undefined(50th).

Turnkey 2022 Duplex | $8,000 Monthly Income & Growth Potential Built in 2022 by Ocean Development, this high-performing duplex offers a rare chance to own a modern, low-maintenance asset with immediate cash flow. Fully leased at $8,000/month with room for future rent increases, each unit features 5 bedrooms, 3 bathrooms, and approximately 1,850 sq ft of thoughtfully designed living space. Interiors are finished with solid wood cabinetry, dual-pane windows, central heating, and private in-unit laundry rooms. Separate gas, electric, and water meters ensure tenants pay their own utilities, while owned solar systems reduce expenses and boost your bottom line. The front unit includes a one-car garage, while the rear unit enjoys a spacious two-car garage, plus additional off-street parking—ensuring convenience for tenants. Located in a high-demand rental market and free from rent control restrictions, this property offers both strong current performance and long-term upside. Professionally managed and turnkey, it’s ideal for investors seeking reliable cash flow, appreciation potential, and a hands-off asset in a growing area.

Price History

Date
Event
Price
10/24/22
Sold
$1,175,000
11/22/21
Sold
$329,500
Condition Rating
Excellent

This property was built in 2022, making it a brand new construction. The description highlights modern features such as solid wood cabinetry, dual-pane windows, central heating, and owned solar systems. While the absence of central air conditioning is noted as a weakness, it does not detract from the overall newness and excellent condition of the existing systems and finishes. All components are virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Turnkey: Built in 2022, this modern duplex offers a low-maintenance, turnkey investment opportunity, professionally managed for a hands-off experience.
Exceptional Income & Growth Potential: Generating $8,000/month with full occupancy, the property boasts immediate cash flow and significant potential for future rent increases in a high-demand rental market.
Exemption from Rent Control: A critical advantage in Los Angeles, this property is free from rent control restrictions, allowing for market-rate rent adjustments and maximizing investment flexibility.
Energy Efficiency & Cost Savings: Featuring owned solar systems and separate utility meters for each unit, the property significantly reduces owner expenses and offers attractive utility savings for tenants.
Spacious, Modern Units with Amenities: Each unit provides a generous 5 bedrooms and 3 bathrooms across approximately 1,850 sq ft, complete with central heating, private in-unit laundry, and quality finishes.

Cons

Absence of Central Air Conditioning: Despite being a new build with central heating, the property description does not mention central air conditioning, which could be a significant comfort drawback during Los Angeles's hot summers.
Neighborhood Perception & Amenities: While in a 'growing area,' the specific location on E 106th Street in Los Angeles 90002 may present challenges regarding perceived safety, local amenities, or school quality for some potential tenants or future buyers.
Limited Private Outdoor Space: Given the 5,199 sq ft lot size accommodating a 3,715 sq ft duplex and multiple garages, private outdoor space for tenants appears limited, which might be a consideration for some renters.

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