This East Los Angeles duplex, located at 5529 Via Corona Street, 90022, presents a compelling investment opportunity. The property features two units totaling 3,267 square feet on a 10,021 square foot lot. Built in 1952, the property includes two two-story buildings and boasts a desirable LCR4 zoning designation. The asking price is $1,250,000, representing a price per unit of $625,000 and a price per square foot of $382.61. The property's pro-forma NOI is $64,670, resulting in a 5.17% pro-forma cap rate. The land value alone is $459.14 per square foot. The front unit features a sunken living room, original fireplace, and a large sliding glass door opening to a spacious backyard. Upstairs, the primary and secondary suites have been remodeled with contemporary design elements. A third bedroom is also located upstairs. The rear unit includes two bedrooms, a bathroom, and a recently upgraded kitchen. A small, unpermitted studio apartment is also present, offering potential for expansion with proper permits. The property is conveniently located near East Los Angeles College, Montebello Golf Course, TopGolf Montebello, Commerce Casino & Hotel, and Citadel Outlets. Excellent access to major freeways (10, 710, 60, and 5) and the Los Angeles Metro Light Rail system provides easy commuting throughout Southern California. The property will be delivered vacant. This property offers numerous potential uses and is well-suited for a range of buyers.
Highlights
Excellent investment opportunity: Duplex with multiple potential uses.
Prime East Los Angeles location near restaurants, markets, parks, and the Metro Gold Line.
Convenient access to Downtown LA and surrounding areas.
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Contacts
Alexander Magur
Kirk Hawkins
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5529 Via Corona St, East Los Angeles, California, 90022
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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5529 Via Corona St
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