Great opportunity to own a 3br/2ba house plus a brand new 1br/1ba back unit in desirable Del Rey, adjacent Playa Vista! Front house tastefully updated through-out, is leased at $6500/mo through May 2024. Back 1br/1ba apartment has its own address, 12445 Hammack St., and is leased at $2400/mo thru March 2024. The bright, charming front house has undergone extensive updating including a brand new roof, tankless water-heater, triple-paned windows, copper plumbing & new electrical (see list of improvements in docs). The one bedroom garage-conversion was built with permits and has its own private entry/patio/yard space! The new construction includes an open living/dining/kitchen concept, a walnut island countertop, laminate flooring, washer/dryer stack unit, ceramic (heated) flooring in bath, and bedroom w/closet. The current market value of this unit is $2700-$3200 per mo. This fully fenced-in property is ideally located at the end of the cul de sac street with only one neighbor to the East, the Ballona creek/bike bath to the North, and MDR/Chiatt Day to the West, making it a great space for kids and pets. The private fenced and gated backyard space, formerly the home of the FRWY FUNKYARD Comedy Club, complete with a deck/stage and grassy area for audience chairs/table! This is a very fun, income-producing property with flexible outdoor creative space, and lots of possibilities for expansion and upside. Good frwy access, close to LMU, a short distance to Playa Del Rey Elementary and Playa Vista Runway Dining & Shops!