Description

Rare duplex gem in Victor Heights! Discover the hidden gem of Los Angeles in the trendy and serene pocket of Victor Heights. This exceptional stacked duplex at the coveted Cathay Village offers a golden opportunity for savvy investors and first-time buyers alike. Whether you are looking to build your portfolio or seeking the perfect owner-user scenario to live in one unit while the other pays your mortgage, this is the ideal turnkey starter property for a newer investor. Both units have been tastefully remodeled with a modern minimalist aesthetic and feature spacious two-bedroom, one-bathroom layouts. Inside, you will find designer finishes, including sleek granite countertops, custom cabinetry, and newer high-quality laminate flooring. The building features a tri-level design where the ground floor is dedicated to a secure parking area. Unit 7 is located on the second level, accessible by stairs, while another set of stairs leads to the top-floor privacy of Unit 6. A shared laundry area is conveniently located at the end of the second-floor hallway for both units to access. Each unit provides independence with separate gas and electric meters, individual gas water heaters, and central AC and heating. The bright living rooms flow seamlessly to private balconies, with the top unit boasting jaw-dropping views of the Downtown LA skyline. Enjoy the security of a gated community featuring an automatic gate and two reserved parking spaces in a secure garage. The location is an urban dream with an 86 Walk Score and 83 Transit Score, placing you minutes from Echo Park Lake, Dodger Stadium, Chinatown, and the world-class dining of DTLA. This property is subject to LA Rent Stabilization (RSO), offering a stable environment for wealth building. With the ease of a condo and the financial power of multi-family real estate, this is the perfect place to live in one, rent the other, and start your real estate journey in one of LA's most desirable locations. Monthly HOA dues are $294, plus a monthly special assessment of $364.70 to cover adjusted insurance costs.