Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveDuplex

911 New Depot Street 9-10

Los Angeles, CA, 90012

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$598,000

MLS: WS26049113

Beds

5

Baths

2

Sq Ft

1,732

Lot

1.22 ac

Year Built

1975

MLS #

WS26049113

Days on Market

27

Listed

Mar 5, 2026

Description

Exceptional Duplex Investment Opportunity Near Downtown LA & Chinatown. Own a well located duplex just minutes from the heart of Los Angeles. Live in one and rent the other one or rent both units. Situated in a desirable hillside community between Downtown Los Angeles and Chinatown, this income producing property features two separate units, each offering 2 bedrooms and 1 bathroom, for a total of 4 bedrooms and 2 bathrooms across approximately 1,732 square feet of living space. Each unit has its own private entrance, along with separate electric, gas meters, and water heaters, making property management and utility separation convenient. The property also includes assigned garage parking with laundry hookups, adding everyday practicality for residents. HOA pays for water and trash tenants pay for all utilities. HOA pays for part of the home insurance. Ideally positioned for city living, the property offers quick access to nearby neighborhoods including Echo Park, Silver Lake, and Los Angeles State Historic Park. Commuters will appreciate the easy access to major freeways including the 5, 10, 101, and 110, connecting you to all that Los Angeles has to offer. MUST SEE! $648,000 or TRADE!!!

Location

Los Angeles, Los Angeles County, CA 90012

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Listed by: CAREN CHEN · Real Brokerage Technologies

Payment estimate

$4,454

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $59,800 · Loan: $538,200

%
Principal & Interest
$3,307
Property tax (1.25%)
$623
Homeowners insurance
$300
Mortgage insurance
$224
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $20,930 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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