BLACKBURN AND SWEETZER

In LA when you envision different scenarios of living and making money, one of those if-I-had-the-green possibilities is the ol’ buy a duplex, live on one side, rent out the other. The thing is duplex’s, particularly in this hood are not only expensive to buy, but also expensive to rent. They do offer that feeling of having a home in the city without actually having a home.

Here’s one at 8447 & 8449 West 4th Street, just east of La Cienega for $1,675,000. The site describes it so:

“Charming 1920’s era 2-story Spanish duplex has been lovingly cared for and meticulously maintained. Two oversized units sit on a broad, tree lined street. Mature landscaping surrounds this gem in a truly excellent location, around the corner from the Beverly Center, and minutes to the Grove. Each unit boasts 3 beds, 1.75 baths in 2000 sq. ft. Owner’s unit has great master suite with balcony overlooking a beautifully landscaped, private backyard. Refinished Hardwood floors throughout. Perfect shade provided by fruit bearing Avocado tree. Newly updated kitchen with granite countertops and porcelain flooring.”

As well as…

“Major systems updated within recent history include: electrical, plumbing, seismic retrofit, and roof. Provides tremendous value in the market place. NO RENT CONTROL! [their caps] Both Units can be delivered vacant. Strong Rental Area bring up to $4k/unit.”

The husband said the updates felt a bit piecemeal, but if you got some work done the place was solid. But are you gonna want to put a bunch of money into some duplex you just spent $1.675 mill for?