1566 E 106th St Los Angeles, CA 90002
Watts NeighborhoodEstimated payment $7,985/month
Highlights
- Traditional Architecture
- Solar owned by seller
- Tile Flooring
- No HOA
- Laundry Room
- Central Heating
About This Home
Turnkey 2022 Duplex | $8,000 Monthly Income & Growth PotentialBuilt in 2022 by Ocean Development, this high-performing duplex offers a rare chance to own a modern, low-maintenance asset with immediate cash flow. Fully leased at $8,000/month with room for future rent increases, each unit features 5 bedrooms, 3 bathrooms, and approximately 1,850 sq ft of thoughtfully designed living space.Interiors are finished with solid wood cabinetry, dual-pane windows, central heating, and private in-unit laundry rooms. Separate gas, electric, and water meters ensure tenants pay their own utilities, while owned solar systems reduce expenses and boost your bottom line.The front unit includes a one-car garage, while the rear unit enjoys a spacious two-car garage, plus additional off-street parking—ensuring convenience for tenants. Located in a high-demand rental market and free from rent control restrictions, this property offers both strong current performance and long-term upside.Professionally managed and turnkey, it’s ideal for investors seeking reliable cash flow, appreciation potential, and a hands-off asset in a growing area.
Listing Agent
Douglas Elliman of California Inc. Brokerage Phone: 9495629119 License #02067087 Listed on: 04/29/2025
Co-Listing Agent
Douglas Elliman of California Brokerage Phone: 9495629119 License #01764587
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,025
Year Built
- Built in 2022
Lot Details
- 5,199 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Wood Fence
- Density is 2-5 Units/Acre
Parking
- 5 Open Parking Spaces
- 3 Car Garage
Home Design
- Duplex
- Traditional Architecture
- Entry on the 1st floor
- Turnkey
- Planned Development
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 3,715 Sq Ft Home
- 2-Story Property
- Laundry Room
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Eco-Friendly Details
- Solar owned by seller
Utilities
- Central Heating
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 107
- Assessor Parcel Number 6065015028
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,920
- Maintenance Expense $1,200
- Other Expense $1,200
- Professional Management Expense $5,160
- New Taxes Expense $14,688
- Operating Expense $24,312
- Net Operating Income $71,689
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,025 | $1,222,470 | $520,200 | $702,270 |
| 2024 | $15,025 | $1,198,500 | $510,000 | $688,500 |
| 2023 | $4,114 | $335,580 | $335,580 | $0 |
| 2022 | $3,919 | $329,000 | $329,000 | $0 |
| 2021 | $204 | $10,163 | $10,163 | $0 |
| 2019 | $198 | $9,862 | $9,862 | $0 |
| 2018 | $178 | $9,669 | $9,669 | $0 |
| 2016 | $169 | $9,295 | $9,295 | $0 |
| 2015 | $167 | $9,156 | $9,156 | $0 |
| 2014 | $169 | $8,977 | $8,977 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | For Sale | $1,275,000 | +8.5% | $343 / Sq Ft |
| 10/25/2022 10/25/22 | Off Market | $1,175,000 | -- | -- |
| 10/25/2022 10/25/22 | For Sale | $1,175,000 | 0.0% | $316 / Sq Ft |
| 10/24/2022 10/24/22 | Sold | $1,175,000 | +256.9% | $316 / Sq Ft |
| 11/19/2021 11/19/21 | Sold | $329,250 | +19.7% | -- |
| 03/22/2021 03/22/21 | Pending | -- | -- | -- |
| 02/24/2021 02/24/21 | For Sale | $275,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Lawyers Title | |
| Grant Deed | $1,175,000 | Lawyers Title | |
| Grant Deed | $329,500 | Usa National Title Co Inc | |
| Interfamily Deed Transfer | -- | Usa National Title Co Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $881,250 | New Conventional | |
| Closed | $881,250 | New Conventional | |
| Previous Owner | $762,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25094518
APN: 6065-015-028
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Based on information from California Regional Multiple Listing Service, Inc. 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
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