Debuting today is a 1922 Traditional duplex in Eagle Rock sporting the favored configuration of 2 separate homes on a lot.
I was lucky enough to buy my first house in 2003 when you could still buy a house in the 200ks. But, if I had to do it all over again, in this market, I’d buy a duplex-4plex because it just makes more financial sense for first-time buyers.
While you can pick up a 2 bedroom/1 bath bungalow in Eagle Rock for around the same price, why would you choose to pay $3213/mo. (FHA, 3.5% down) when you can pay $2188/mo. with a tenant (see additional payments below)? I’d take the tenant, the privacy of a detached rear house and save the extra cash for a better quality of life. For more information or to seriously explore the world of multi-units, let me know.
1706 N. Avenue 45, Los Angeles, 90041
Duplex: 2BR/1BA each
1098 sq. ft., 6752 sq. ft. lot
2 Homes on a Lot, Vintage Details, Separate Yards