1029 Lord ST Los Angeles, CA 90033
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26216405
Construction Status Turnkey
HOA Y/N No
Year Built 2024
Lot Size 3,110 Sqft
Property Sub-Type Duplex
Property Description
The property features a 4-bedroom / 3-bath main residence and 3-bedroom / 2-bath ADU, totaling approximately 2,539 square feet. The main residence currently operates as a successful short-term rental, historically generating approximately $5,500–$6,500 per month with less than 9% vacancy and is fully booked for the next three months, while the ADU is currently leased for $2,780 per month.
Offering multiple ownership strategies, a buyer can continue the existing short-term rental operation, transition the main residence to a traditional long-term rental, or potentially take delivery vacant for owner occupancy while retaining income from the ADU. This versatility creates an attractive opportunity for investors seeking immediate cash flow as well as owner-users looking to offset their housing costs with rental income.
The property is thoughtfully designed with modern finishes, stainless steel appliances, central air and heat, in-unit laundry, two parking spaces, and separately metered utilities, providing the benefits and ease of newer construction.
Ideally situated in L.A.'s Central Eastside, 1029 Lord offers convenient access to the DTLA Arts District, Downtown Los Angeles, Echo Park, Silver Lake and surrounding employment and entertainment hubs. With established income, newer construction, and multiple potential rental strategies, 1029 Lord offers a rare level of flexibility for its next owner.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Interior Features Open Floorplan, Recessed Lighting
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Refrigerator, Dryer, Washer
Laundry Inside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Fence Good Condition
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 2
Private Pool No
Building
Lot Description Landscaped, Level, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 5201018008
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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