Multi Family Homes and Duplexes for Sale in Los Angeles, CA
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A duplex is a multifamily residential property with two living units. The units typically either share a wall (arranged side-by-side) or a ceiling/floor (one on top of the other). The units each have their own individual entrances and do not have an interior connection. Exterior spaces such as backyards or the driveway may be shared, depending on how the property is arranged. Crucially, both units have the same owner and are on the same lot/parcel.
Owners have the option to live in one unit and rent out the other, rent out both, or occupy both units.
The benefits of buying a duplex can include turning one or both units into income-generating rental properties or allowing relatives to live in one unit to be close to you. Also, duplexes are usually less expensive than a single-family home.
Like most things, there can be some risks associated with purchasing duplexes: they can be more expensive to run than a single-family home, landlord responsibilities, less privacy, and more.
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