Property listed by Beverly and Company, Inc., Laura Meldere 818-382-4160
$1,650,000
Charming 4-unit Spanish-style income property offering timeless architectural character and exceptional investment potential. The property features an attractive unit mix with two 2-bedroom, 2-bathroom units and two 2-bedroom, 1-bathroom unit. One of the 2 bed 2 bath units includes an additional den, often used by tenants as a third bedroom,… Read More providing added flexibility and enhanced rental value.True to its Spanish design, the building showcases classic details such as stucco exterior, and graceful architectural accents. The units offer functional layouts filled with natural light, creating comfortable and desirable living spaces.Each unit comes with 2 parking spots and its own washer and dryer.As a four-unit residential property, this is an ideal opportunity for an owner-user to occupy one unit while generating income from the remaining unitspotentially covering most, if not all of the holding costs. Well maintained this property presents a rare blend of character, lifestyle, and long-term income, and an appreciation. As far as location, this property sits at the ultimate crossroads of Los Angeles, offering a rare "5-minute lifestyle" where the best of Koreatown, Silver Lake, Los Feliz, Larchmont Village, and Downtown LA are all within a 5 min drive. Whether you're looking for world-class dining in Koreatown, local farmer's markets in Silverlake, or a night out at iconic music and sports venues in Downtown LA, this central hub places the city's most vibrant cultural and culinary scenes right at your doorstep, making it highly desirable and attractive for tenants. Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
8
Square Ft.
5,752
Lot Size
0.17 Acres
Year Built
1924
MLS Number
26653917
Additional Details
Building
1 building, 2 stories, Levels: MultiSplit, Built in 1924, Living area: 5752.0
Floors
Wood
Heating
None
Income
Gross Income: $133,284, Net Operating Income: $92,518
Lot
0.1744 acres
Parking
8 total parking spaces, Private
Taxes
Parcel Number: 5518016015, Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Be the first to explore the latest properties to hit the market. From cozy retreats to stunning estates, these fresh listings are ready for you to discover. Don’t miss your chance to find the perfect home!
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
