1249 Colton St.
Los Angeles, CA 90026
This architectural townhouse-style duplex was built in 2007 with sophisticated finishes and modern amenities. The two side-by-side homes have spacious, 1,400-square-foot floorplans with three bedrooms, two full bathrooms and large decks with stunning views of Downtown LA. Each three-level home has polished concrete floors, spacious living room, beautiful kitchen with granite counter tops and stainless-steel appliances including gas range/oven as well as a hookup for full-size washer/dryer located on the first floor near the two guest bedrooms. The master bedroom suite on the third floor has a private bathroom with designer tile and fixtures. The property has a securely gated driveway with parking for four vehicles. The big backyard is beautifully landscaped with a drip irrigation system or can be used to build additional homes as this lot is zoned R4. This duplex is located directly across from the 10.5-acre Vista Hermosa Park, which is secured nightly and managed by the Santa Monica Mountains Conservancy. This desirable location is close to Downtown LA and near the interchange of the 101 and 110 freeways for easy commuting to many destinations. With a Cap Rate of 4.5 percent, this property is a great opportunity for an owner-occupant or investor. Each home is separately metered for electric, gas, water and trash removal. Both units can be delivered vacant and total projected rents are over $7,000/month. No rent control makes this property an excellent investment!