8711 Mckinley Place Los Angeles, CA 90002
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25245648
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 2022
Lot Size 5,519 Sqft
Property Sub-Type Duplex
Property Description
Turnkey 2022-built modern duplex offering strong in-place cash flow at an attractive 5.74% CAP rate, along with long-term appreciation potential in a desirable Los Angeles location. Both units are fully occupied with stable, in-place rents, making this an excellent 1031 exchange replacement property and a compelling alternative to lower-yield, passive investments.
Each unit features 5 bedrooms and 3 bathrooms, one unit with a 2-car garage and one unit with a 1-car garage, supporting strong tenant demand and rent stability. Minimal owner expenses with tenants paying all utilities, including water and trash. Both units are separately metered and equipped with tankless water heaters and solar panels, enhancing energy efficiency and improving net operating income. Newer construction minimizes deferred maintenance and future capital expenditures.
The property offers gated front and rear access with additional parking spaces inside the gate, nearby park access, and ample street parking, further strengthening tenant appeal. A well-maintained modern duplex combining contemporary design, reliable income, and a favorable expense profile.
An ideal opportunity for investors seeking a high-yield, low-maintenance asset, whether as a first acquisition, portfolio expansion, or 1031 exchange, with immediate income and long-term upside.
See complete CAP rate, GRM, and income analysis in the supplemental documents.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Interior Features Open Floorplan, Storage, Unfinished Walls, Bedroom on Main Level
Heating Central
Cooling Central Air
Flooring Laminate, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Disposal, Refrigerator, Range Hood, Tankless Water Heater
Laundry Washer Hookup, Gas Dryer Hookup, Inside, Upper Level
Exterior
Exterior Feature Lighting
Garage Spaces 1.0
Garage Description 1.0
Fence Wood, Wrought Iron
Pool None
Community Features Sidewalks, Urban, Gated
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Other,Tile
Accessibility Accessible Doors
Total Parking Spaces 4
Private Pool No
Building
Lot Description Walkstreet
Story 2
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 6042003003
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan
Listing Terms Cash, Cash to Existing Loan
Special Listing Condition Standard
