Back on market! Fell out after receiving multiple offers. Act fast to get this back in escrow! The 2-4 Unit Specialists are pleased to present 3900 2nd Ave, a rare pride-of-ownership Spanish style duplex in the historical neighborhood of Leimert Park, voted 2016's "Neighborhood of the Year" on Curbed LA thanks to its trendy local hotspots and lovely residential streets. This eye-catching property, situated on a large, perfectly manicured lot, was majorly updated in 2018/2019. With a sleek, modernized upstairs unit, a remodeled downstairs bathroom, new paint, new landscaping/hardscaping, and large private yards, this property is a magnet for high quality tenants. Not to mention, with the renovated upstairs 3 bed, 1 bath unit becoming vacant in June of 2023, this is a dream scenario for owner occupiers. Obtain a lower rate via residential financing (primary residence), live in a gorgeous home, and have the other tenant contribute to the mortgage. The most economical way to live in LA!!!

If you are an investor looking for a strong return and major appreciation potential, this property checks that box as well, with a current 4.45% cap rate and a whopping 6.35% pro forma cap rate. Enjoy strong return while owning the property with the nicest curb appeal in all of Leimert Park. The existing tenants are responsible and friendly and have always paid on time. The quality of the property is outstanding, with reinforced foundation with anchor bolts and cripple wall, plus various plumbing and electrical updates. Both units have in unit laundry as well, a major draw for tenants.

Situated on a peaceful palm tree-lined street 2.5 miles from Exposition Park and the USC campus, this property offers buyers the best of both worlds- close proximity to the countless city destinations and employment hubs, while also boasting a quiet residential location!

3900 2nd Ave is made up of two Spanish style units, the first floor unit being a huge 3 bedroom, 2 bathroom + den and the 2nd story unit being a 3 bedroom, 1 bathroom. The units boast spacious floorplans, plentiful windows letting in ample natural lighting, real hardwood flooring, and access to their own spacious private backyards. Between the ideal central location and the unbeatable curb appeal, this property is your chance to own a stable asset in LA that we predict will increase in value year after year.

The manager has listed the unit size as 2453 square feet.