3957 S VAN NESS Avenue, Los Angeles, California
3957 S VAN NESS Avenue, Los Angeles, California 90062 - Entire property completely remodeled. New plumbing, electrical, kitchens, baths, lights, floors, paint. Perfect for FHA owner occupant. Over 3000+ sqft! Close to USC and Crenshaw/LAX Line. Legal duplex. Easily converts to 3 separate units. Right side: Large 1BD+/1BA. Could be 2BD/1BA. Rented $1725/mo. Unit #2: Large 1BD+1BA. Could be 2BD/1BA. FMV rent $1725/mo. (same as right unit). Unit #3: Two story. 3BD/3BA. Over 1500+sqft. FMV rent $2500+/mo. All units have separate laundry areas with washer/dryer hookups. All units to include new stoves and dishwashers. Extra privacy fencing. Lot size over 5500 sqft. Quiet neighborhood. This property great for FHA owner occupant. 3.5% down = $27,825 downpayment and $3700/monthly mortgage (approx.). Rent income $1725+$1725 = $3450/monthly and live in 3BD/3BA unit rent free! Or rent 3BD/3BA unit, live in 1BD/1BA unit and get $4225/monthly. So $250/month to live in 3BD/3BA unit or earn $500/month to live in 1BD/1BA unit. THIS IS A GREAT DEAL!
Listing Courtesy of Silicon Beach Real Estate