Property listed by Compass, D. Timothy Byrne 310-820-0195
$1,997,500
Charming 1923 California Craftsman triplex located in the highly desirable Palms Mar Vista submarket, offering multiple opportunities for an owner-user, income generation, and value-add potential. The front residence, currently vacant, features a spacious three-bedroom, two-bath layout with classic curb appeal, potential for a private enclosed front yard, and tandem two-car… Read More parking. The rear yard could be further enhanced and privatized by enclosing a portion of the space, highlighted by a mature avocado tree. Above the garage are two additional one-bedroom, one-bath units, one of which is vacant, situated above dedicated two-car parking, providing separate income streams. Adjacent to the parking area and laundry room is a large flex space, currently utilized as an owner's workshop, presenting significant upside potential. This area may be repurposed for storage, car parking, creative workspace, or potential ADU conversion, offering an additional avenue for income growth. The property presents a value-add opportunity through improvements and value add enhancements, while maintaining its inherent architectural charm. The offering is to be sold in conjunction and to close concurrently with the adjacent parcel, creating a rare assemblage opportunity. This presents a multifamily investment opportunity consisting of two contiguous parcels (APNs 4314-015-011 and 4314-015-012) located in the desirable Palms/Mar Vista submarket of West Los Angeles. Situated on approximately 15,000 square feet of land. This configuration provides investors with multiple acquisition strategies, including redevelopment, value-add repositioning, or owner-user occupancy. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
5
Square Ft.
2,028
Lot Size
0.17 Acres
Year Built
1923
MLS Number
26668275
Additional Details
Building
Built in 1923, Living area: 2028.0, 2 buildings, 2 stories, Levels: MultiSplit
Cooling
None
Heating
WallFurnace
Income
Gross Income: $126,867, Net Operating Income: $75,888
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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.
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