314 - 316 W 65th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$1,050,000$3,538/sqft
314 - 316 W 65th Street, Los Angeles, California 90003
0Bed
0Bath
3,538Sqft
5,132Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
New Construction & Modern Amenities: Built in 2014, this duplex features central heating, dual-pane vinyl windows, solid wood cabinets, and granite countertops, minimizing immediate maintenance and appealing to modern tenants.
Top Cons:
No Cooling System: The property description highlights central heating but makes no mention of air conditioning, which could be a significant drawback for tenant comfort in Los Angeles' climate.
Compared to the nearby listings
Price:$1.05M vs avg $745.0K (+$305,000)82%
Size:3,538 sqft vs avg 1,886 sqft93%
Price/sqft:$297 vs avg $38418%
More Insights
Built in 2014 (12 years old).
Condition: This duplex was built in 2014, making it exactly 10 years old, which aligns with the 'Excellent' criteria for properties built within 10 years. It was described as 'all new construction' at that time, featuring modern amenities such as central heating, dual-pane vinyl windows, solid wood cabinets, and granite countertops. These features indicate a high-quality build with components that were new and met current standards a decade ago. While interior images are not provided, the description strongly suggests a well-maintained property with minimal physical depreciation, consistent with its age and initial construction quality.
Year Built
2014
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$297
HOA
-
Days on market
-
Sold On
-
MLS number
PW25281429
Home ConditionExcellent
Features
View-
About this home
Ocean Development duplex - all new construction in 2014. One unit includes 5 bedrooms and 3 baths leased at $3,802 per month. The second unit includes 4 bedrooms and 2 baths and leased at $3,775 per month. This duplex is thoughtfully designed with one unit in front and the second unit in back - No one above or below either unit. Design features include central heating systems, dual pane vinyl frame windows, solid wood cabinets, and granite counter tops. Private interior laundry room in each unit conveniently on the second level. Property includes a 2 car garage. We feel this is the best investment property opportunity when combining price, design, year built, quality of construction, location, features, and return on investment. Actual annual gross rental income: $90,996. Estimated 5.2% Cap Rate.
C
Cary Hairabedian
Listing Agent
Condition Rating
Excellent
This duplex was built in 2014, making it exactly 10 years old, which aligns with the 'Excellent' criteria for properties built within 10 years. It was described as 'all new construction' at that time, featuring modern amenities such as central heating, dual-pane vinyl windows, solid wood cabinets, and granite countertops. These features indicate a high-quality build with components that were new and met current standards a decade ago. While interior images are not provided, the description strongly suggests a well-maintained property with minimal physical depreciation, consistent with its age and initial construction quality.
Pros & Cons
Pros
New Construction & Modern Amenities: Built in 2014, this duplex features central heating, dual-pane vinyl windows, solid wood cabinets, and granite countertops, minimizing immediate maintenance and appealing to modern tenants.
Strong Rental Income & Cap Rate: With an actual annual gross rental income of $90,996 and an estimated 5.2% Cap Rate, the property offers excellent cash flow and strong investment potential.
Desirable Duplex Layout & Privacy: Thoughtfully designed with one unit in front and the second in back, ensuring no one is above or below either unit, enhancing tenant privacy and appeal.
Spacious Units with In-Unit Laundry: Units offer generous 5-bedroom/3-bath and 4-bedroom/2-bath configurations, each with private interior laundry conveniently located on the second level, highly sought-after tenant amenities.
Valuable Parking & Location: Includes a 2-car garage, a significant advantage in Los Angeles, situated in a high-demand rental market within the city.
Cons
No Cooling System: The property description highlights central heating but makes no mention of air conditioning, which could be a significant drawback for tenant comfort in Los Angeles' climate.
Lack of Premium Outdoor Space: While there is a decent lot size, the description does not specify private yards or significant outdoor amenities for each unit, which can be a strong draw for tenants in a duplex.
No Premium Views: The property explicitly states 'view: None,' indicating a lack of scenic or desirable views that could otherwise enhance its market value or rental appeal.