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Mark Jerusalem

mark.jerusalem@evrealestate.com +1(310) 600-7585

$ 1,349,000

Est. payment -/mo

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7801 & 7803 Clearfield AVE Los Angeles, CA 91402

6 Beds

3 Baths

2,239 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,239 sqft

Price per Sqft $602

MLS Listing ID 26989887

Bedrooms 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1951

Lot Size 6,059 Sqft

Lot Dimensions Assessor

Property Description

A RARE, FULLY VACANT TWO-RESIDENCE INCOME OPPORTUNITY READY TO RENT NOW. No tenants to inherit, no existing leases, and no waiting for units to become available. Both residences are completely vacant, allowing the next owner to select tenants, establish market rents, and put the property to work immediately. With projected combined rents of approximately $7,800/month and annual gross income of approximately $93,600, the $1,349,000 offering price calculates to a 14.41 pro forma GRM and an estimated 4.9% +/- pro forma cap rate based on projected rents and expenses. The property combines an extensively reconstructed and beautifully renovated 4-bedroom, 2-bath main residence with a BRAND-NEW, NEVER-OCCUPIED detached 2-bedroom, 1-bath ADU of approximately 721 square feet. Rebuilt from the subfloors up and studs out, the main residence features two living areas, an open-concept floor plan, quartz countertops, custom cabinetry, stainless steel appliances, gas cooking, a tankless water heater, new central air conditioning, energy-efficient windows, updated systems, and interior laundry hookups. The newly constructed ADU features a desirable split-bedroom layout, central air conditioning, energy-efficient windows, separate gas and electric meters, its own address, and available off-street parking. The property provides parking for up to four vehicles. Projected market rents are approximately $4,800/month for the main residence and $3,000/month for the ADU. For an investor, the opportunity is straightforward: acquire two substantially improved, completely vacant residences and establish a rental program from a clean slate without inherited tenants, legacy rents, or existing lease terms. For an eligible owner-occupant, live in one residence while utilizing the other for potential rental income. Qualified buyers may also explore FHA or VA owner-occupant financing, subject to lender guidelines and buyer qualification. Conveniently located in Panorama City near major shopping, dining, services, and access to the 405, 170, and 5 freeways. Whether purchased as an income property, multigenerational compound, or owner-occupied residence with additional income potential, Clearfield offers something increasingly difficult to replicate: TWO VACANT, IMPROVED RESIDENCES READY TO PERFORM FROM DAY ONE. Projected rental income, NOI, GRM, and cap rate are pro forma estimates only, are not existing rental history, and should be independently verified by the buyer and buyer's agent.

Location

State CA

County Los Angeles

Area Pc - Panorama City

Zoning LAR1

Interior

Interior Features Open Floorplan, Recessed Lighting

Heating Central, Electric, Forced Air

Cooling Central Air

Fireplaces Type Den, Family Room

Inclusions All appliances on the premises

Fireplace Yes

Appliance Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator

Laundry In Kitchen

Exterior

Parking Features Paved

Pool None

Roof Type Shingle

Total Parking Spaces 4

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2214020004

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA, Private Financing Available, VA Loan

Listing Terms Cash, Conventional, FHA, Private Financing Available, VA Loan

Financing Cash,Conventional,FHA,Private,VA

Special Listing Condition Standard

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Listed by Roddy de la Garza Epique Realty #01995374

NEARBY SCHOOLS & PROPERTIES

Mark Jerusalem

Advisor License ID: 01371254

+1(310) 600-7585

Mark Jerusalem

7801 & 7803 Clearfield AVE Los Angeles, CA 91402

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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7801 & 7803 Clearfield AVE