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Mortgage & Real Estate Services Inc
8141 2nd St #420
Downey, CA
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- OC26175183
- Year Built:
- 1964
- Photos (7)
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Excellent Income-Producing Duplex Opportunity in Los Angeles! Welcome to 342–344 E 81st St, a fully occupied duplex featuring two separate 2-bedroom, 1-bath residences. With consistent occupancy and no vacancy since 2018, this property offers an attractive opportunity for investors seeking rental income or buyers looking to live in one unit while generating income from the other.
The front residence features granite countertops, an updated kitchen, and laminate flooring. The second residence also offers laminate flooring throughout the main living areas, with a more traditional-style kitchen and tile flooring—providing an opportunity for a simple cosmetic update to add value.Both units are currently tenant occupied, offering immediate rental income. The property is situated in an established residential neighborhood with convenient access to surrounding Los Angeles employment, shopping, dining, schools, and transportation.
Ideal for an investor looking to add a cash-flowing property to their portfolio, multigenerational living, or a future owner-occupant who wants the benefit of rental income from the second unit.
Please do not disturb tenants. Property to be shown with an accepted offer. Financial information available upon request.
- Home Style:
- Craftsman
- Property Sub Type:
- Duplex
- Property Attached:
- No
- Lot Area:
- 5,219 sq. ft.
- Bathrooms:
- - (Full:-, Half:-)
- Year built:
- 1964 (Age: 62)
- General Listing Location:
- Los Angeles, C34 - Los Angeles Southwest
- County Or Parish:
- Los Angeles
- Tenant Pays:
- Electricity, Gas, Trash Collection
- Common Interest:
- None
- Gross Income:
- $62,112
- Gross Scheduled Income:
- $60,000
- Net Operating Income:
- $51,405
- Cap Rate %:
- 6.23
- Rent Control:
- Yes
- Total Actual Rent:
- $60,312
- Association Fee:
- $0
- Land Lease:
- No
- Electric Expense:
- $0
- Fuel Expense:
- $0
- Gardener expense:
- 900.0
- Insurance Expense:
- $1,200
- Licenses expense:
- 295.0
- Operating Expense:
- $8,595
- Other Expense:
- $5,000
- Trash Expense:
- $0
- Water and Sewer Expense:
- $1,200
- Vacancy Allowance:
- $0
- Vacancy Allowance Rate:
- $0
- Tax Lot:
- 53
- Tax Block:
- 3
- From Manchester Blvd head North to 81st St then turn Right
- Floor
- Type
- Size
- Other
- -
- Living Room
- Measurements not available
- -
- -
- Bedroom
- Measurements not available
- All Bedrooms Down
- -
- Kitchen
- Measurements not available
- -
- -
- Bedroom
- Measurements not available
- Bedroom on Main Level
- View:
- None
- Appliances:
- Disposal, Range Hood, Vented Exhaust Fan, Water To Refrigerator, Water Heater
- Accessibility Features:
- Safe Emergency Egress from Home, No Stairs, Accessible Doors
- Number of Buildings:
- 3
- # of Electric Meters:
- 2
- # of Gas Meters:
- 2
- # of Water Meters:
- 1
- # Units Leased:
- 2
- Community Features:
- Curbs, Park, Storm Drain(s), Street Lights, Sidewalks, Urban
- Senior Community:
- No
- Interior Features:
- Ceiling Fan(s), Granite Counters, All Bedrooms Down, Bedroom on Main Level
- Laundry Features:
- Washer Hookup, Gas Dryer Hookup, In Kitchen
- Pool Features:
- None
- Private Pool:
- No
- Spa Features:
- None
- Lot Features:
- 2-5 Units/Acre, Back Yard, Front Yard, Level, No Landscaping, Near Public Transit, Paved, Rectangular Lot, Street Level, Yard
- Fireplace Features:
- None
- Security Features:
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Direction Faces:
- North
- Num Stories:
- 1
- Entry Level:
- 1
- Entry Location:
- Front
- Construction Materials:
- Asphalt, Drywall, Glass, Stucco, Copper Plumbing
- New Constr.:
- No
- Flooring:
- Vinyl
- Foundation:
- Raised, Slab
- Roof:
- Asphalt, Shingle
- Common Walls:
- No Common Walls
- # Units:
- 2
- Property Condition:
- Repairs Cosmetic, Updated/Remodeled
- Heating:
- Ductless
- Fireplace:
- No
- Cooling:
- None
- Utilities:
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities
- Electricity:
- Electricity - On Property, 220 Volts
- Fencing:
- Chain Link, Wood
- Water supply:
- Public
- Sewer:
- Public Sewer
- Spa:
- No
- Road Surface Type:
- Paved
- Garage Spaces:
- 1
- Uncovered Spaces:
- 7
- Carport Spaces:
- 0
- Total Parking Spaces:
- 8
- Special Listing Conditions:
- Standard
- Parcel Number:
- 6030021026
- Zoning:
- LAR2
-
Living Room -
Bedroom 1
-
Bedroom 2
-
Washer and Dryer Hookups
-
Kitchen
-
Bathroom 2
-
Bathroom 1
Listed by Landmark Equity Builders
Data was last updated August 14, 2026 at 12:40 AM (UTC)
- DEVLIN DUARTE
- 1 (562) 4593854
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2026 at 12:40 AM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Office Address:
8141 2nd St #420
Downey, CA, 90001