One of the most substantial things I've come to discover is what a great investment an income property is. For that reason, I'm excited to have new buyer clients that are looking to buy a duplex, triplex or Single Family House with a rental unit. They also want to live there, but don't want to do much work to it, so it’s got to be a really special property
to begin with. Nicely, there
were three or four on caravan this week that fit their criteria. On my way from
one to the other, I was also able to fit in a few other gems. Take a look….
1) This Duplex – near Museum Square in the Miracle
Mile - was my first stop. There’s lots of great large duplexes in
this area, but not many that have been so nicely remodeled and updated. Priced at 885,000, It did not surprise me to learn from the agent that this one already had an accepted
offer.
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| Open Floor Plan is a great enhancement to this traditional style duplex |
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| Roomy Bathroom |
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| Love the built in backyard fireplace! |
2) My next stop was this
Spanish style home on Hauser, S. of Olympic. It’s not often you see a house of this size (4 bedrooms/1.75
baths and a converted garage that would make a perfect rental) in this area, in this condition, all for $749,950.
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| Wall around the front exterior kept the noise from the busy street to a minimum |
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| All the period details of this 1926 Spanish Home had been restored |
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| Great decorative touch to these built ins |
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| Converted Garage has potential for a spacious rental unit. |
1 3) The next stop, a Mid-Century home in Faircrest Heights, was the real excitement of my day. Though it's not an income property, this house has always intrigued me - it’s located just down
the street from my son’s school and I often park in front of it while I'm waiting for him to get out. I’ve always wanted to see what it’s like
inside. Today I got the very satisfying chance
(and some yummy taquitos, too!) . $899,000
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| The house is located on a large corner lot |
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| All the original details of this home have been preserved so beautifully |
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| Aside from a newer floor, the kitchen is all original |
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| Pitched wood ceilings throughout |
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| Clerestory windows run the length of the wood paneled central hallway |
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| Study complete with "martini hour" bar |
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| Private patio |
The listing agent also represented the house 5 years ago
when the estate of the original owners sold it to the current owners. It was really interesting to hear from
her what the house looked like then, and how it had been changed. When I got home, I was able to find these old photos on the internet - so great to see how almost everything was preserved and given new life.
4) Next I headed North of Wilshire to see this
recently redone Spanish 3 bedroom/2 bath home that also has a large 1 bedroom guest house in back.
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| New solid Oak wood floors throughout the main house |
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| Quality Kitchen with Marble Countertops |
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| Guest house |
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| Cozy Fireplace in the guesthouse |
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| Charming Guest House will be easy to rent |
I didn't get a chance to photograph my treats today, but along with the great properties I saw, the corned beef sandwich I had from Canters at a house on Hayworth and the taquitos at the mid -century house were extremely satisfying!
Remember is you are interested in any of the properties on this blog or in buying or selling a home, please contact me, Deborah Wolsh at 310-433-0385 or email deborah@morgan-re.com. Until Next Tuesday.......
