Turnkey 2022 Duplex | $8,000 Monthly Income & Growth Potential
Built 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.
For sale
Listing Provided by:
Brian Davis DRE #02067087 9495629119,
Douglas Elliman of California,
Joshua Altman DRE #01764587,
Douglas Elliman of California
$1,275,000
1566 E 106th St, Los Angeles, CA 90002
--beds
--baths
3,715sqft
Est.:
Duplex
Built in 2022
-- sqft lot
$1,274,500 Zestimate®
$343/sqft
$-- HOA
What's special
One-car garageSpacious two-car garageThoughtfully designed living spaceSolid wood cabinetryAdditional off-street parkingPrivate in-unit laundry roomsCentral heating
- 69 days
- on Zillow |
- 46 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: April 30, 2025 at 06:51am
Listing Provided by:
Brian Davis DRE #02067087 9495629119,
Douglas Elliman of California,
Joshua Altman DRE #01764587,
Douglas Elliman of California
Source: CRMLS,MLS#: OC25094518
Originating MLS: California Regional MLS

Travel times
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Tour with a buyer's agent
Facts & features
Interior
Heating
- Central
Cooling
- None
Appliances
- Included: Refrigerator
- Laundry: Inside
Features
- Flooring: Carpet, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,715
- Total interior livable area: 3,715 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 3
- Uncovered spaces: 5
Features
- Levels: Two
- Stories: 2
- Entry location: front of property
- Pool features: None
- Spa features: None
- Fencing: Wood,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 5,199 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 6065015028
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Turnkey
- New construction: No
- Year built: 2022
Utilities & green energy
- Electric: Photovoltaics Seller Owned
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $343/sqft
- Tax assessed value: $1,198,500
- Annual tax amount: $15,025
- Date on market: 4/29/2025
- Listing terms: Cash to New Loan
- Total actual rent: 8000
- Tenant pays: All Utilities
- Road surface type: Paved
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