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8711 Mckinley Place, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath

8711 Mckinley Place, Los Angeles, California 90002 home-pic-0
ACTIVE$1,290,000
8711 Mckinley Place, Los Angeles, California 90002
0Bed
0Bath
3,646Sqft
5,519Lot
Year Built
2022
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
PW25116509
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.29M(92th), sqft - 3646(92th), beds - undefined(50th), baths - undefined(50th).

8711-8713 McKinley Place, Buyer CAP rate 7.05%! A 2 story duplex built in 2022. Front unit 8711 has 5 bed, 3 baths, one car attached garage PLUS 3 car driveway, 1 bed and 1 bath downstairs. Front unit is available for rent at $4,600 per month. Rear unit 8713 has 5 bed, 3 baths, 2 attached car garage PLUS 4 car driveway. Privately Gated. Currently rented. Front unit was recently remodeled with newer paint, newer laminated wood flooring. Spacious living room entry open to kitchen. Inside laundry. Separate electric, gas and water meters. Tankless water heaters. Built in solar panels included in sale. Located front of the gated playground. Plenty of street parking spaces. One of the best duplex in the neighborhood! An excellent investment portfolio!

Nearby schools

3/10
South Park Elementary School
Public,•K-6•0.4mi
5/10
Russell Elementary School
Public,•K-6•0.5mi
3/10
Ninety-Third Street Elementary School
Public,•K-6•0.6mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•0.9mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•1.0mi
4/10
One Hundred Seventh Street Elementary School
Public,•K-5•1.5mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•1.5mi
3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•1.8mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•2.1mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•2.3mi
6/10
One Hundred Twenty-Second Street Elementary School
Public,•K-5•2.6mi
1/10
Charles Drew Middle School
Public,•6-8•0.8mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.4mi
3/10
Edwin Markham Middle School
Public,•6-8•1.5mi
2/10
Samuel Gompers Middle School
Public,•6-8•2.0mi
3/10
Carver Elementary School
Public,•PK-8•2.5mi
5/10
Willowbrook Middle School
Public,•6-8•3.2mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.9mi
2/10
David Starr Jordan Senior High School
Public,•9-12•2.0mi
3/10
Centennial High School
Public,•9-12•3.0mi
9/10
Compton Early College High
Public,•9-12•3.2mi

Price History

Date
Event
Price
09/21/22
Sold
$1,275,000
12/21/21
Sold
$430,000
Condition Rating
Good
The property was built in 2022, so it's relatively new. The description mentions newer paint and laminated wood flooring in the front unit. The kitchen appears functional, though the appliances are basic. The bathrooms are not clearly visible in the images, but given the age of the property, they are likely in good condition. Overall, the property appears to be move-in ready with no immediate major renovations required.
Pros & Cons

Pros

High CAP Rate: The property boasts a buyer CAP rate of 7.05%, indicating a strong potential return on investment.
New Construction: Built in 2022, the duplex offers modern construction and potentially lower maintenance costs compared to older properties.
Dual Income Potential: The property consists of two units, providing a dual income stream and reducing vacancy risk.
Ample Parking: Each unit features attached garage parking and a spacious driveway, accommodating multiple vehicles.
Separate Utilities: Separate electric, gas, and water meters for each unit simplify billing and tenant management.

Cons

Limited View: The property description does not mention any significant views, which could be a drawback for some buyers.
Tenant Occupancy: One unit is currently rented, which may limit immediate occupancy options for owner-occupants.
Specific Location: Located in Los Angeles, the specific neighborhood (Metropolitan South) may have varying levels of desirability and market demand.

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